Bitcoin prices on the popular exchange mtgox dropped to a record $220usd per bitcoin early this morning. While i write this the price is current $270usd, a more than 10% gain in only an hour.
With the shortfall of bitcoin prices on mtgox, other bitcoin exchanges like bitstamp are doing much better. Bitcoin investors are fleeing the marketplace at mtgox and heading for alternative exchanges.
It is only time now that will tell what will happen with new launch of the exchange at mtgox. The market and trading at this exchange is so volatile that even the slightest glitch in their new system may cause an indefinate crash of their exchange and send all investors elsewhere.
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