Bitcoin Price Continues to Fall, Breaks $200 Mark

http://ift.tt/eA8V8J

The bitcoin price fell below the landmark $200 point at 07:24 (GMT) today, putting it back into territory not seen since late 2013.

Within five minutes of crossing that threshold it had plunged further to $185. Less than 15 minutes after that, it fell to $179.13.

The latter price is significant as it lies just below 1,000 Chinese yuan, the currency involved in 65% of bitcoin trades, possibly crossing a lesser-acknowledged psychological barrier.

Continue reading at CoinDesk

via CoinDesk http://ift.tt/14UURR4