12 Apr '13, 2am

As key exchange MtGox reopens, Bitcoin falls to $74, down 72% from its former heights by @alex

Quick heads up for all you watching the Bitcoin saga : the largest exchange of the currency, MtGox, has reopened following a self-instated halt in trading. The exchange cited an overactive market as the reason for its suspension. The exchange is now open, and Bitcoin is down . Currently, trades are going through at roughly the $74 mark. The currency was traded as high as $266 this week. Here’s the most recent 24 hours trading of Bitcoin on MtGox, in which you can see the trading cessation: And, for kicks, here a shot of one week’s trading on the btce exchange, highlighting the rise, and fall of Bitcoin’s valuation: Interestingly, following a dead cat bounce, long trading halt, and steep initial decline, Bitcoin has rebounded; there are still buyers out in force. Bitcoin is an interesting topic as the sums at play are massive, in some ways real, and the technology behind th...

Full article: http://thenextweb.com/insider/2013/04/12/as-key-exchange-...

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