BitcoinSlammed As BaiduSuspendsPaymentsDueTo "Fluctuations"
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Bitcoin is being sold aggressively on heavy volume as this headline hits:

*BAIDUSUSPENDSBITCOINPAYMENTACCEPTANCEONVALUEFLUCTUATION

And the official, google-translated announcement fromtheBIDU website:

This is one of the reasons Citi and BofAMLnoted as ‘disadvantages‘ and it seems Baidu agrees (for now).

and as a reminder…

It appears Mt.Gox has crashed trying to handle a very large sell order… and the resulting algo mess is as follows…

Chart: Bitcoinwisdom

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