Bitcoin during a 24-hour period expressed in US dollars. By the conclusion of the day, the price had dropped to about $63,585, from about $66,500 at the beginning. This is a about 2.66% drop.
Bitcoin’s price is extremely erratic and subject to large daily fluctuations. Therefore, it’s premature to conclude that this is the beginning of a downward trend.
This decline, though, might indicate that the Bitcoin bubble is about to pop. Alternatively, it could just be a typical pricing adjustment. Time will tell.
Source (CNBC)
