Bitcoin drops to $290, hits lowest price of 2014 before bouncing back

To cap off two weeks of falling prices, bitcoin plunged to its lowest price in 2014 on Sunday, hitting $290.83 at one point. At its peak in 2014, a bitcoin was worth $951, according to the CoinDesk Bitcoin Price Index (BPI). The price rebounded quickly on Monday, however, and now stands at $342.07 as of 9:45a.m. PT.