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Mt. Gox bankruptcy

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Bitcoin News: Mt. Gox Bankruptcy Barely Dents Prices

By , Associate Editor, Money Morning • @DavidGZeiler -

The troubled Mt. Gox exchange officially filed for bankruptcy today (Friday) in Japan, but this Bitcoin news was so much expected that prices on other exchanges hardly moved.

Bitcoin prices on most major exchanges briefly dipped about 5% on the news, but recovered quickly. The composite Bitcoin price on CoinDesk was $565 at midday, down less than 2% for the day.

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