On Monday you were promised progress and an unpdate of that progress by the Thursday (today) well today's update is that Mt. Gox had to move the office location because of security concerns.
Here's their OFFICIAL announcement:
Tokyo, Japan, February 20th, 2014!
"
"
Dear MtGox Customers,"
"
Thank you for your patience this week while we are working on re-initiating bitcoin
withdrawals. In addition to the technical issue, this week we have experienced some
security problems, and as a result we had to relocate MtGox to our previous office building
in Shibuya (details can be found here https://support.mtgox.com/home). The move,
combined with some other security and technical challenges, pushed back our progress."
"
As much as we didn’t want to only provide an “update on an update”, this is the current
status. We are committed to solving this issue and will provide more information as soon
as possible to keep everyone in the loop."
"
We are very sorry for the delays and deeply appreciate your kind understanding and
continuous support."
"
Best regards,"
"
"
MtGox TeamWith that news btc went from $220 to $138 (although the day's low is $137), you could expect MG btc to drop below $100 today.
All other markets are keeping their distance from MG and only showing a slight sympathatic reaction to MG, their BTC rates have moved from $620 to $590 on the news by 9am. Some are speculating that rates will easily see $540 today, my thought is if it gets to $550 I'm in, but I'm hoping for $500 as a low for the day.
