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Mt. Gox bitcoin price falls below $100 |
February 21, 2014
Bitcoin fell below US$100 on major exchange Mt. Gox early Friday, dropping under a key psychological threshold.Traders pushed the digital currency as low as $91.50, far below its price at around $537 on two other exchanges tracked by CoinDesk.com.The price on Mt. Gox later recovered to around $100, but it remains the cheapest exchange in the world to buy bitcoin.The price drop followed another update from Tokyo-based Mt. Gox about a technical issue that prompted it to suspend bitcoin withdrawals to outside addresses two weeks ago. Bitcoin had been trading around $850 before the suspension.In the update, Mt. Gox said it is continuing to work to resolve the technical issue, but added that it has experienced “some security problems, and as a result we had to relocate Mt. Gox to our previous office building.”To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2100100/mt-gox-bitcoin-price-falls-below-100.html#tk.rss_all
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