Bitcoin dipped on Wednesday after indications of greater scrutiny from U.S. regulators. This was so serious that the digital currency fell nearly $500, or about 8.7 percent to a low of $5,109.70, according to sources. That marked the digital currency's lowest level since Thursday, October 12, according to CoinDesk. Bitcoin hit a record high above $5,800 Friday.
The report said as a commodity, virtual currencies like bitcoin fall under the oversight of the commission when they are used "in a derivatives contract, or if there is fraud or manipulation involving a virtual currency traded in interstate commerce."
Lets see if this a healthy dip or if it will continue to dip.