After hitting a record high of over $2,700 last week, bitcoin has gone into a correction—and it’s one that has caused the digital currency’s price to lose nearly 19 percent of its value in four days.

On May 24, bitcoin hit a new all-time high of $2,760.10 on Bitstamp thanks to an uptick in demand out of Asia. But on Monday, the digital currency traded at $2,260 level, marking a $500 drop since the record high last week.

Analysts cited a “quite brief” correction as the cause of the price fall, which has also affected other cryptocurrencies such as Ethereum, Ripple, Litecoin, Dash and Monero.

“The correction was actually quite brief, and the prices today are still higher than that of a week ago,” BTCC CEO Bobby Lee told CNBC.