Bitcoin Price Slumps 14 percent days after reaching an all-time high

The price of Bitcoin, the world's biggest cryptocurrency, tumbled over the weekend and was down as much as 14 percent from record highs posted by the popular cryptocurrency in the past week.  Bitcoin dropped as low as $52,148.98 on Sunday morning after reaching an all-time high above $64,800 on Wednesday, according to CoinDesk. It was the last trading, just over $55,795.

Other cryptocurrencies like ether and dogecoin also took a hit over the weekend. The price of ether, the second-biggest token by market value, dropped as much as 18% and fell below $2,000 on Sunday before more recently trading at over $2,150. Meanwhile, dogecoin, which soared more than 400% at one point last week and hit an all-time high of 45 cents, dropped as low as 24 cents this weekend.

The cryptocurrencies hit record highs this past week. Despite those record prices, some investors have been concerned that cryptocurrencies like Bitcoin are experiencing a bubble. Many cryptocurrency markets operate 24/7, setting the stage for price swings at unpredictable hours. Historically, retail and day traders have driven the moves.