bitcoin drop

Bitcoin price takes a sharp plunge for the second trading day to hit a low of $2,060 on Bitstamp.

After reaching an all-time high of $2,760 yesterday before a tumble toward $2,400, the price of Bitcoin is falling again as it hits a 3-day low of $2,060.

Analysts predicted a correction of 47% if bitcoin hit a ceiling of $2,800 yesterday, but a second consecutive day of the month’s deepest plunges points to the market taking a corrective course presently.