Digital currency Bitcoin finds itself struggling, as it has recently encountered hurdles that could determine whether it survives as a viable currency on a mass scale.

“Bitcoin has already survived several bouts of volatility that were even wilder than the one last week. But during those crises, nearly everyone involved was a speculator and the currency was much further from real-world success. Now that Silicon Valley and Wall Street have begun to buy in, and everyday uses for Bitcoin are becoming more common, the stakes are much higher.”