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Bitcoin extends downside correction to below 63k
Since an earlier update here on Bitcoin, it has fallen back further from the earlier Asian high just above 65k. The lead coin has now dropped to below 62,500 and the move lower comes amid furious speculation regarding the platform MT.Gox. According to reports this now defunct platform has been shifting large amounts of coin to unknown other platforms. Those latest reports now cite amounts of the BTC equivalent to over $3 billion. Clearly there is also speculation; that this will lead to liquidation of BTC too, but that is far from clear at this stage. A little earlier BTC hit a low at around 62,400. It is currently trading at 62,725
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