14 Apr '13, 7pm

Following crazy fluctuations, Bitcoin prices on Mt. Gox stabilize at $100

Following crazy fluctuations, Bitcoin prices on Mt. Gox stabilize at $100

After wild swings during the past week, prices for virtual currency Bitcoin appear to have finally stabilized at about $100 per Bitcoin on top exchange Mt. Gox . Bitcoin is a virtual, decentralized currency that has seen a lot of attention in recent months. The price of a single Bitcoin hit about $260 early on Wednesday, but dropped by more than $100 in a matter of hours that same day. After that, the market has been chaotic with people trying to sell their holdings and others trying to scoop up Bitcoins at lower prices. Mt. Gox even halted trading Thursday to upgrade its servers and let the market “cool down.” Now prices have settled at about $100 over the past few days. This is a far cry from the $260 price point, but it could be an attractive price for anyone who believes in Bitcoin’s long-term legitimacy. As we wrote Thursday, Mt. Gox is now the largest hurdle for Bitc...

Full article: http://venturebeat.com/2013/04/14/bitcoin-price-100/

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