Mt. Gox struggled with heavy traffic and temporarily halted trading while the quoted price fell sharply. The episode combined market leverage, thin liquidity, and unreliable exchange infrastructure rather than a failure of Bitcoin’s consensus rules.
All events
A rapid rally ends in a sharp exchange crash
Bitcoin’s price reversed violently after reaching roughly $266 on Mt. Gox during a burst of speculative demand.
▶Ride to this stop
IN THE SHOWSBoom & BustBroken Trust