Has the price of bitcoin collapsed? Mt. Gox BTC value falls to $275

The value of bitcoin has fluctuated significantly over the past two weeks because of cyberattacks and Mt. Gox’s announcement that it would be temporarily suspending withdrawals. Heck, there was even a flash crash last week that sent the digital currency to as low as $102 before shooting back up to around $650.

The price of bitcoin on the Mt. Gox exchange fell to $235. It has now averaged to more than $300. According to preev.com, one bitcoin is worth around $625.

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