Bitcoin Price Plunges as Mt. Gox Exchange Halts Activity

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Bitcoin plunged more than 8 percent today after a Tokyo-based exchange halted withdrawals of the digital currency, citing technical malfunction.

Mt. Gox, a popular exchange for dollar-based trades, said in a blog post it needed to “temporarily pause on all withdrawal requests to obtain a clear technical view of the currency processes.” It promised an “update” -- not a reopening -- on Monday, Feb. 10, Japan time.