he price of bitcoin declined nearly 8% over the course of the day’s trading, falling from $337.93 to below $300 before recovering.
Data from the CoinDesk USD Bitcoin Price Index (BPI) indicates the most rapid declines started at roughly 1:30 UTC, with the price falling to a daily low of $298.75 by 3:00 UTC.
Overall, the decrease marked the second consecutive day in which the price of bitcoin has lost gains created at the beginning of the month, when it climbed to year highs.
Year-over-year, the price of bitcoin was down roughly $50, as the price closed at roughly $366.99 on 12th November.
http://www.coindesk.com/bitcoin-price-declines-but-rallies-above-300/
