16 Feb '14, 1pm

Bitcoin plunges 50% on Mt. Gox to hit USD230 as troubles continue

Bitcoin plunges 50% on Mt. Gox to hit USD230 as troubles continue

Investing.com - Bitcoin prices lost half their value to hit USD230 on the Tokyo-based Mt. Gox Exchange on Sunday, as traders shied away from the virtual currency amid ongoing concerns over withdrawal issues. Bitcoin plunges 50% on Mt. Gox to hit USD230 BTC/USD fell to a session low of USD220.30 on Mt. Gox, before trimming losses to trade at USD253.90 during U.S. morning hours, down 45.1%. Tokyo-based Bitcoin exchange Mt. Gox was forced to halt all Bitcoin withdrawals on February 7 due to a technical issue, with the issue yet to be fully resolved. Mt. Gox was once the world's largest Bitcoin trading exchange, with volume topping 1 million trades a day at its peak. It is now the third-largest Bitcoin exchange. Meanwhile, sentiment remained jittery after Bitcoin marketplace Silk Road 2 was hacked over the weekend, with hackers stealing approximately 4,500 Bitcoin worth nearly...

Full article: http://www.investing.com/news/forex-news/bitcoin-plunges-...

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