Major Exchange Of Bitcoins Halts Withdrawals - Bitcoin Value Drops

This week has been a volatile one for BTC.

Today has been the roughest with Bitcoin value drop into the mid $700′s.

Mt.Gox , one of the major Exchangers for the Crypto Currency halted withdrawals  on Bitcoins due to technical issues, causing a major drop in price - and an opportunity for speculators of the currency  to buy into the virtual currency while it’s available at a discount.

MtGox Public Statement

On January 25, 2014 Bitcoins were valued at well over $1,000.00 per coin according to Bitcoin Charts.

Today, BTC is being traded at around $750.00 - $760.00 each.

This represents over a 20% loss in two weeks time, with a marked decline starting on February 2, 2014.

Supporters of the currency remain bullish, and while Mt.Gox is temporarily sidelined, many other BTC exchange services are claiming it’s ‘business as usual.’

Stay tuned for further developments in the exciting world of BTC.

Author: Heather McLaughlin

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