Bitcoin Falls Below The $400 Mark, Down More Than 60% From Its All-Time High | TechCrunch

Fun while it lasted, at least for people who bought in early...

"The price correction was driven by news from China, as it often has been. Fresh rumors of a government crackdown on the currency in the country, which could blunt demand and adoption, and therefore impair its value, sent the price of bitcoin down a quick 10 percent. It has since continued to slip.

According to Bitcoin Average, the average price of bitcoin is currently around $388, down from a 52-week high of roughly $1,132. Coinbase has the current price of bitcoin at around $394, down from a peak of $1,126."

Bitcoin Falls Below The $400 Mark, Down More Than 60% From Its All-Time High | TechCrunch