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

wochit business
April 10, 2014 AT 1:53 PM
Bitcoin reached another milestone today, with the crypto currency falling below the $400 per-coin mark. The price correction was driven by news from China and the rumors of a government crackdown on the currency in the country. 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.