Today the FBI seized and shut down Silk Road, a website that allowed customers to buy illegal drugs using Bitcoin. As part of the bust, the government took 26,000 Bitcoins, or the equivalent of about $3.2 million, from Silk Road.
Following the news, Bitcoin's value began to collapse. Early this morning, one Bitcoin was worth about $123. As of this writing, it's hovering around $100.
Read more: http://www.businessinsider.com/chart-of-the-day-bitcoin-collapse-silk-road-2013-10#ixzz2gd5ggaOw