This presents a catch-22 situation in that the price volatility is likely the cause of concerns over the viability of Bitcoin as a means of transaction and thereby causing additional price volatility.
Update May 6th - High $122, Low $80)
It would appear that Bitcoin is more price resliant then one would expect. During the course of the weekend, the price has strengthened to $122.00.
The Bitcoin market overall is still resilient despite the massive fluctuations in value. According to Bitcoin charts, the total market value of Bitcoin is still resting north of $1B.