Question Details
Where will 1 Bitcoin close on May 31st?
kruijs in
Business
» Indices
Settled on 06/10/2013 21:18 Settled by
kruijsPredictions
Background
The largest exchange for the digital currency Bitcoin halted trading Thursday, saying it needed to let the market "cool down" after a massive drop in value.
Mt.Gox, a Tokyo-based exchange, blamed a surge in new accounts following a spike in the digital currency's value for the temporary suspension. The exchange said in a statement that it had been a "victim of our own success".
The value of a Bitcoin plummeted more than $160 yesterday after hitting a new high of $266. It continued to fall on other exchanges Thursday, trading below $100 in many. Two months ago the digital currency was valued at $20.
http://www.guardian.co.uk/technology/2013/apr/11/bitcoin-exchange-halts-trade-value
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