A steep correction, perhaps? There were no significant news circulating as of late so it might be a natural correction, or perhaps the Gox trustee dropped the bomb again on the market. Right now, this is pure speculation on our side and we will probably won't know what caused it. As of now, it seemed to have found a comfy place @ $8500 and hasn't moved down since. Key support level sits at $8200 and once that goes broken, we might find ourselves tumbling down hard again.
It was a combination of the largest korean exchange getting put on hold by police and the MtGox trustee dropping 8000 Bitcoin onto the market.
The mtgox thing is one time event (or well a series of one time events that have been going on since september) so the drop from that is over assuming all 8000 have been sold by now. The korean exchange thing could send the price lower or not depending on the outcome of it.
