Reason More Bitcoin Acceptance and Bitcoin Commerce Does Cause Price to Drop This is a double edged sword. It has it’s downsides. In some ways, Bitcoin is a victim of its success. With all of the new merchants coming onboard, when merchants take more Bitcoin, they . From a Sunday high of nearly $, per digital coin, Bitcoin dropped more than to a price as low as $, on Thursday afternoon.. Bitcoin tumbled about Tuesday. The price of the volatile digital currency dipped below $, p.m. ET on Tuesday, its lowest level in more than a month, according to data from CoinDesk.com. Other popular cryptocurrencies ethereum and ripple also posted double digit losses. It’s unclear why bitcoin fell.. Bitcoin drops below $,, a critical level of support that manyysts are watching..