The bitcoin exchange market price of bitcoins in USD has fallen—and fallen hard. After peaking at $266, prices plunged Wednesday morning. There was a strong late rally, such that some data providers listed the “close”
The Bitcoin correction we wrote about yesterday was not caused by a DDOS attack on one of the largest Bitcoin exchanges, Mt.Gox, but rather by a massive spike..
Leading Bitcoin exchange Mt. Gox has been knocked offline in another distributed-denial-of-service (DDoS) attack just hours after the exchange re-opened following a huge Bitcoin price decline. “We are experiencing a stronger than usual DDoS,” Mt. Gox
If gold prices have largely been driven by speculators, this price action is potentially worrying. Just as euphoria tends to feed on itself in a rally, despair accelerates losses. Just look at the Bitcoin bubble, where prices went parabolic over the
The rising and falling value of Bitcoin has done a lot of rising lately. If you want to stay up to date on the current price for a single Bitcoin, be sure to follow @bitcoinprice on Twitter. The account automatically tweets out the
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Bringing Derivatives To Bitcoin Should Help Stabilise The Price
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