Bitcoin plunged Thursday evening New York time, falling by more than $2,000 in the last 12 hours.
The digital currency plunged more than 17 percent to a low of $13,077.94 according to CoinDesk, down from $15,830 less than 12 hours ago.
CoinDesk’s bitcoin price index tracks the price of bitcoin on Bitstamp, Coinbase, itBit and Bitfinex.
