Submitted by bugs_ on 07/05/2014 - 19:26
Bitcoin HFT Price Action
This past Monday the US Marshals auctioned off the "Silk Road" Bitcoin wallets at a higher than expected price to a single bidder. The Bitcoin market strengthened coming into the auction and has held on to most of the price gains.
In the alternative coin market, on the other hand, we saw panic selling of an alternative coin (but only on one site!) and aggressive selling across the spectrum of "scrypt" based coins.