Bitcoinica is my prime suspect.
Everybody leveraged to the max, and then there was nowhere to go but down.
Ok so that would Explain the MtGox volume you think?
Whats the story with Trade Hill though? I just read some where theyre just posting checks? what does this mean thats the end of them now?
They had a bank freeze them. Checks are supposed to be processed now, and be in the users' account by the end of the today. Not ETA on Paxum/OKpay due to backlog according to their blog
. AFAIK, they're planning on remaining open. Dunno if having those checks processed will make an impact today/tomorrow or not.