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Author Topic: Bitcoin Daily Commentary From Forex News  (Read 403 times)
ForexNews
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March 03, 2014, 12:14:46 AM
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Bitcoin prices spent the last 24 hours in a narrow 20 points range. On BTC-E, the lowest low marked during today’s trading session was at $546.20 while the highest high stood at $565.88. One bitcoin is currently quoted at $547.20 on the exchange. On BitStamp, BTC/USD is trading at $556.10.

http://fncdn.marcwaringventur.netdna-cdn.com/wp-content/uploads/2014/03/ssssmar-2.png
On BitcoinBuilder, prices doubled from 0.040 to 0.080 BTC/GOXBTC today. This is a website that was specifically setup to trade bitcoin trapped at the now defunct exchange MtGox (GOXBTC) for regular BTC. The market is currently placing the odds at recovering the btc trapped at the firm at 7.5%. You can follow the BTC/GOXBTC exchange rate here.

The following message showed up on the MtGox website:

‘’ ANNOUNCEMENT REGARDING AN APPLICATION FOR COMMENCEMENT OF A PROCEDURE OF CIVIL REHABILITATION

An overview of the situation should be published here shortly (probably on March 3, 2014 (Japan time)).

Contact information

A call center has been established to respond to all inquiries.’’

The firm usually publishes their press releases after the closing of business hours in Tokyo, Japan. Customers who have funds trapped at the exchange will be eagerly waiting for the announcement

- See more at: http://www.forexnews.com/blog/2014/03/02/bitcoin-prices-trade-narrow-range/#sthash.BPSuM8Wc.dpuf
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