Bitcoin Rate at Mt. Gox Falls Below $500

Bitcoin Rate at Mt. Gox Falls Below $500

Proof of how quickly things change in the world of bitcoin, the very exchange seemingly most of the community was quoting (at over $1200) late last year is the same exchange to fall below the $500 mark. As of this writing, the bitcoin rate at Mt. Gox is about $484, with a day low of $480 - the lowest it's been this year. That comes in as a 44 percent price drop in the last 30 days, according to chart data. The decrease in value of bitcoin at Mt. Gox stems from the recent halt of withdrawals, and some reports suggest that Gox customers are even selling their bitcoins stored on the exchange....


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