[2014-10-06] BBC - Bitcoin price falls to 11-month low

[Mowcore]

BBC - Bitcoin price falls to 11-month low

http://www.bbc.co.uk/news/technology-29507443

The value of one bitcoin has fallen to its lowest level for almost a year.

On Sunday afternoon the Bitcoin hit a low of $290 ($181), and the virtual currency lost about 18% of its value across the whole weekend.

The crypto-currency has seen its value steadily fall since December 2013, when each bitcoin was briefly worth more than $1,100.

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[jjacob]

Nice to see that it isn't fully a doomsday story.

"For anyone complaining about the current price of Bitcoin, remember it has more than doubled over the last 12 months." he wrote. His message was accompanied by a graph of values from exchange Bitstamp, which showed this time last year the Bitcoin was worth about $120