Bitcoin Price Pops More Than 8% After A Nearly 12% Plunge

The price of Bitcoin surged more than 8 percent Tuesday after plunging nearly 12 percent the day before, leaving analysts wondering if the virtual currency has ended its recent long-term decline or if more volatility is ahead. Bitcoin dropped on Monday to $435.60 from $492.95, before springing back to $470.99 Tuesday morning, according to the virtual currency website CoinDesk.