[2014-08-20] Bitcoin slumps $120, but does anyone care?

[ganabb]

http://www.cnbc.com/id/101928807

The price of bitcoin plunged $120 over the past week, and one analyst told CNBC the crypto currency will fall further as it becomes less sensitive to 'good news.'

Bitcoin dropped to $451 in early Asian trade on Tuesday from $571 a week ago, according to CoinDesk. On Monday, the price briefly plummeted to $309 on Bulgarian bitcoin trading platform BTC-e before recovering to $460, the New York Times reported, in what some analysts described as a 'flash crash.'