Bitstamp Shows Higher Bitcoin Price Than Mt. Gox
The price of bitcoin on Bitstamp has increased to above the level listed on Mt. Gox. Japan-based exchange Mt. Gox is notorious for showing a much higher USD bitcoin price than its competitors, but this has changed over the past 12 hours. At around 05:30 GMT today, Bitstamp recorded a price of $717.98, compared with $714 on Mt. Gox. Mt. Gox then overtook for the next nine hours, but the Bitstamp price has been almost consistently higher since around 14:15 GMT. Bitstamp CEO Nejc Kodrič described this occurrence as "weird" and suggested it could be to do with the problems his company's site....
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Anyone in the Bitcoin community who has looked at charts for longer than a few minutes has noticed that traditionally, Mt. Gox's price tends to be higher than the other exchanges. In fact, in the past months, it hasn't been uncommon to see a different of $100 USD between the two Bitcoin exchanges (with BitStamp being the lower of the two). Today, the prices per Bitcoin on the exchange are just about equal, with the price on Mt. Gox being about $767, and $767 on BitStamp. In fact, the price per Bitcoin at BitStamp has surpassed the price at Mt. Gox today. The amount was rather insignificant....
The Bitcoin price chart can do impossible things and that it why we love it. Each and every Bitcoin speculator has an inner-vision of another spectacular rally, and of them holding bitcoins all the way up! While we wait for that rally, the chart makes fools of you and I. A move higher today, threatens to turn back down - but not too far. We look for targets. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 11h35 UTC. Bitstamp 15-Minute....
Yesterday Bitstamp co-founder Damijan Merlak said that the Bitstamp is testing a duplicate of their entire infrastructure in San Francisco and plans to resume its operations in the next 24 hours. Recent tweets from Bitstamp CEO Nejc Kodrič reassure customers and promise an operational redeployment in one to two days. Bitstamp service was temporarily suspended service as a result of a Bitcoin wallet breach. Kodrič confirmed in a statement that "less than 19,000 BTC" was stolen due to a Bitstamp operational wallet being compromised. Also read: Bitcoin Exchange Bitstamp Confirms Loss of....
The Bitcoin price rally looks set to continue higher after correcting Wednesday's powerful advance. Various technical indications of continuing advance are considered in today's analysis, as well as, the likely targets to the upside. Bitcoin Price Rally. Summary. Comments. Also read: Raoul Pal Thinks The Bitcoin Price Will Be $100,000 or $1,000,000. Bitcoin Price Rally. Time of analysis: 15h00 UTC. US Session. Monday's messy price action changed gear on Tuesday and Wednesday when Bitcoin showed its stuff by charting a legendary price rally that advanced relentlessly for over $100. Our....
Last week we looked at price fragmentation across the different exchanges which currently comprise the CoinDesk Bitcoin Price Index: Mt. Gox, Bitstamp, and BTC-e. Analysis confirmed the common perception that significant, persistent price variations exist across exchanges. Furthermore, the average price on Mt. Gox was shown to be higher than Bitstamp and BTC-e by $21 and $34 respectively. This phenomenon has been referred to as the 'Mt. Gox Premium', which posits that restrictions on US dollar withdrawals have led to bitcoins trading at a higher price on Mt. Gox than the other exchanges.....