Bitcoin drops below $400

Posted Apr 10, 2014

Bitcoin has dropped below the $400 price mark. The high-risk cryptocurrency was selling at over $1,100 for the last 52 weeks. The reason for the price drop is because it is rumored that the Chinese government will be cracking down on the currency. Bitcoin Average pegs the average price of the Bitcoin at around $388, which is down from a 52 week high of around $1,132.