POP: Bitcoin Plunges 25% in 24 Hours in a Cryptocurrency Market Rout.

Bitcoin recently traded at $13,758 after earlier falling as low as $12,504, according to research site CoinDesk. The notoriously volatile digital currency started December at about $10,000 and traded close to $20,000 this past weekend, but has been in retreat since.

From its recent peak, the virtual currency has lost about $121 billion of its total market value in less than a week, or more than twice the market cap of Tesla Inc.

That Bitcoin could have a market cap bigger than Tesla which has a market cap bigger than Ford indicates that the easy money policy might have gone on just a bit too long.