Mt Gox Statement Lifts Bitcoin Prices
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Interestingly, the statement by Mt Gox that it shut down the site and exchange to "protect users" is having positive implications on the price of Bitcoin on other exchanges. The price of bitcoin on bitstamp is now up 6.6% to $532 after trading as low as $400 earlier. The price on BTC-e is up 4% to $529 after trading as low as $430 earlier.
Still, bitcoin is down from the $1000 range since the problems at Mt. Gox surfaced.
Still, bitcoin is down from the $1000 range since the problems at Mt. Gox surfaced.
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