Has this drop got any connections with the DDoS attack on BTC-e, which occurred a few hours ago? I wouldn't be surprised if it has. BTC-e is one of the biggest exchanges, in terms of BTC volume.
BTW.... this may be the last opportunity to purchase BTC at three digits. Hurry!!!!
Nah, can't see a simple DDoS attack have that much impact on the price. Mainly because of the fact that it isn't the first time that this exchange is subject to DDoS attacks.
I think what's driving the price down is the fact that it was just a pump by the big boys in control of the Chinese exchanges.
If that's really the case, then as quick as they can lift the price to a high point, that quick can they reverse it as well. These select group of traders rule this market with iron fist.