Bitcoin {BTC / XBT} After the recent price surge which has seen the recent price surge double the value of the coin in around a month, a sharp decline has occurred, knocking 30% of the $2,800 record price achieved only last Wednesday.

This is of course no surprise, and highlights the volatility in investing in crypto currencies.

Bitcoin suffers a 30% fall since last Thursday after the recent price surge.

Bitcoin {BTC / XBT} After the recent price surge which has seen the recent price surge double the value of the coin in around a month, a sharp decline has occurred, knocking 30% of the $2,800 record price achieved only last Wednesday.

This is of course no surprise, and highlights the volatility in investing in crypto currencies.

The decline seems to have been arrested for now,however, as the chart pasted below shows a small rebound on the technical support line.

Should the price fall through support then a larger fall may occur, so we shall monitor it for now.

It comes as no surprise that most of the other popular crypto currencies such as Ethereum, Dash, and Minero, have suffered similar falls in value, as the rising tide was carrying them up in tandem with Bitcoin.

Maybe the recent pull back will bring a reality check to some investors that have piled into Bitcoin as a one way easy money investment?  The price seemed to be losing touch with reality, in my opinion, afterall this is as much a fiat currency as the US$ or British pound is, there is no backing, just trust that the tokens can be exchanged for value when required.