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The World's Largest Bitcoin Exchange Looks Like It's Malfunctioning

Rob WileDec 7, 2013, 01:50 IST

Bitcoin is down big, approximately 25% from today's highs.

That's causing major problems on Mt.Gox, the world's largest Bitcoin exchange. The price is stuck at $877. Some have suggested there is simply a lag in the site processing trades.

The platform seems to have entered a bizarre cycle, flipping back and forth between $877 and about $830. Here's what it looks like:

Bitcoinity/reddit

ClarkMoody.com, a site that tracks Mt.Gox trades, is still going. It shows trades haven't broken through $800. We have no way of verifying whether they are accurate.