The price of bitcoin on the CoinDesk Bitcoin Price Index has fallen below $200 for the first time since January.
The price of bitcoin slumped again today after Bitfinex closed its order book, citing issues with its post-trade processing.
Bitcoin's price fell 14% in a period of just 30 minutes following a 'flash crash' on exchange Bitfinex yesterday night.
Some 62% of bitcoin enthusiasts believe the digital currency's price will be less than $500 at the end of this year, according to a CoinDesk poll.
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The bitcoin price surpassed the $300 mark over the weekend, reaching its highest point since 10th March.
The price of bitcoin broke out this week, spiking to a high of $257 on 17th June in what amounted to a jolt of life for the bitcoin economy.
CoinDesk examines the controversy and culture surrounding Whale Club a group reviled for perceived shadowy market practices and lauded by exchanges.
The bitcoin price continues to trade well above the $250 mark as trading volumes grow on global exchanges including Bitfinex and Huobi.