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a steep drop for big coin Thursday the crypto currency fell almost eight percent to eleven thousand one hundred sixty four dollars in early morning trade , it follows a three point eight percent slide Wednesday after drawing power cord on Facebook to hold its Lieber creek day project the chairman of the federal reserve said there were a number of issues for the US tech trying to address Lieber raises many serious concerns regarding privacy money laundering consumer protection and financial stability , %HESITATION these concerns that should be thoroughly and publicly addressed before proceeding , the card does a theory of an excel peas ripple also dropped after the fed's comments libra has drawn concern from global policy makers and regulators ever since Facebook announced the project on June eighteenth Thursday's drop is the latest volatile move a bit coin is prices jumped about wildly in the last few years the card declined almost fifty five percent in nine days in June to an almost eighteen month high of nearly fourteen thousand dollars not after Facebook unveiled libra raised hopes crip does could gain wider acceptance