Bitcoin is looking weak today after prices failed to hold above $17,000 levels at the weekend. Coindesk's Bitcoin Price Index (BPI) fell to a low of $15,253 earlier today and was last seen trading at $15,345

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Over the last month, bitcoin has seen large swings in price as the bulls scramble to call the bottom and the bears scramble to call the top of the market. The market saw a 50% retracement a few weeks ago,

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In a letter to investors Wednesday, Jeremy Grantham of investment management firm GMO shares a chart illustrating how large and how rapid the bitcoin price surge has been in the last two years compared