(It fell as low as 130 today.) There is no obvious explanation for why the digital currency has fallen so far and so fast, although the market correcting after such a huge rise might be a good explanation. DAAs AppChoices app here. Obviously, it was a very painful experience if you bought bitcoins in the last couple of days, but anyone who bought bitcoins at last week's price of 140 is still significantly ahead. Taking the standard deviation of these bitcoin hub daily percent price changes yields one of the most common metrics for volatility, as shown below. After all, the 2013 announcement precipitated a long slide in bitcoins price through 2014, bottoming in January 2015. 60 is sixty days before the pboc announcement, in each respective year.
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