Bitcoin's Woes Slam Its Price

<p>Bitcoin investors could be forgiven for wanting to do 2014 all over again.</p>

One of Bitcoin enthusiast Mike Caldwell's coins in this photo illustration at his office in Sandy, Utah

A physical bitcoin created by Mike Caldwell is seen in a photo illustration in Sandy, Utah, in this file photo taken September 17, 2013. JIM URQUHART / Reuters

Feb. 25, 2014, 3:11 PM UTC / Updated Feb. 25, 2014, 5:40 PM UTC / Source: CNBC.com

Since the beginning of 2014, the price of bitcoin has plunged.Coinbase

Bitcoin investors could be forgiven for wanting to do 2014 all over again.

The latest troubles with the online exchange Mt.Gox have only pushed the price of the virtual currency lower and eroded confidence in the nascent platform.

Since the beginning of the year the price of bitcoin has plunged. Transactions have slumped as well given all the bitcoins tied up in Mt.Gox.