Mt. Gox Bitcoin Price Sinks to $300, Past its Post-China Low
The price of bitcoin on Mt. Gox registered a daily low this morning at 03:00 GMT of $302, but has since rebounded to $383. After a few days of shaky stability, the price of bitcoin continued to fall on 13th February across major exchanges as fear, uncertainty and doubt spread throughout the bitcoin community. The most direct contributor to the day's decline was the revelation that more than 4,500 BTC were reported stolen from online black market Silk Road 2.0, which failed to adequately respond to transaction malleability issues that were earlier reported by Mt. Gox, Bitstamp and other....
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If you've taken a peak at the bitcoin price charts lately, you might have noticed that the price of bitcoin is down. Some would say alarmingly so, but for those of us that have been in the game since the beginning, it's nothing we're not accustomed to by now. A quick peak at the charts (drawing data from the Bitstamp exchange) quotes us $436 at the last trade (as of this writing). Over the past seven days, we've seen the price slowly sink down to this level from the $480 range - down over 7 percent. Which of course leads many to ask: what in the world is going on? If there were an easy....