Mt. Gox Aftermath: Market Doldrums or Continuation?

Mt. Gox Aftermath: Market Doldrums or Continuation?

Monday's BTC price crash that accompanied Mt. Gox's public announcement of an indefinite halt on Bitcoin withdrawals has left the market suitably depressed as traders ponder Bitcoin's future. A Distributed Denial of Service attack seeking to exploit the “Transaction Malleability” vulnerabilities of many exchange wallets followed on Tuesday, but with little effect on price. BTC has been meandering in a range since coming off Monday’s lows, perhaps indicative of a more cautious and slightly grim mood in the market following the pessimistic sell-off. That this is all Mt.Gox’s fault, is an....


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