click chart to enlarge
About an hour after I screen grabbed that chart, the Mt GOX exchange that handles 80% of volume closed for 10 hours in order for markets to "cool off." Right now, on other exchanges that remain open, bitcoins are going for about $65. That's a loss of 75% in less than 36 hours. I expect bitcoins to be back in single digits within a few weeks.
Subscribe to see the rest of this post.