Mt. Gox Bitcoin Price Falls Below its Post-China Low

After a few days of unstable stability, the price of bitcoin carried on to fall on thirteenth February as fear, doubt and doubt spread throughout the bitcoin community.

The most direct contributor to the day’ s decline was the revelation that more than four, 500 BTC were documented stolen from online dark market Silk Road 2 . 0, which failed to properly respond to transaction malleability issues that were earlier reported by Mt. Gox, Bitstamp and other trades.

Message board conversations suggest that fears of a sudden sell-off by the thieves or that the marketplace would dive steeply as it did following the closure associated with Silk Road in oct were the most likely causes of concern, though others disagreed that the event could encourage market movements.

Continue reading at CoinDesk


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