Bitcoin Surges Towards $11,700, Liquidating Millions
It appears that Bitcoin investors are not fazed by the prospects of a move lower due to the CME futures gap formed at $11,100. The leading cryptocurrency has continued to thrust higher, pushing towards $11,700 just minutes ago as of this article’s writing. The leading cryptocurrency has now printed six days of gains in a […]
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The exchange rate surges at withdrawal testing news. MtGox has allegedly begun testing withdrawals, seeing a 200% surge in exchange rates. This post's updates have largely subsided, any additional breaks may be a separate article. UPDATES: Original Reddit thread about withdrawal signs here. 1:55am JST: 1400BTC buy order on BTC-e. 2:03am JST: MtGox exchange rate now up 215% in just under 2 hours. $280. 2:12am JST: Massive sell-offs on MtGox dropping the exchange rate back to $200, still up a little for the hour. Rumors of market manipulation and also insider trading abound. 2:30am JST:....