The Most Important Bitcoin Developments This Week: January 17, 2015

NEW YORK (InsideBitcoins) – The price of bitcoin captivated and concerned the cryptocurrency community this week as it fell to its lowest level since October 2013, plummeting into the $170s. The dramatic losses garnered major media attention. Bitcoin closed on January 9th at $291.82; seven days later it closed at $206.96, according to the Windex composite – nearly a 30% loss.
Bitcoin began the early morning hours of this weekend once again testing the sub-$200 range, just after 7 a.m. New York time Saturday, according to the Inside Bitcoins Price Tracker.
Bitcoin is down -37% so far this year, according to the average BTC index produced by bigterminal.com.
Other important developments for the week included:

This post was published at Inside Bitcoins on Jan 17, 2015.