Nov 18 began with BTC riding a wave of enthusiasm at hitting an all time high of around $500/BTC to open the day....Then all hell broke loose and BTC price hit the stratosphere.
According to the intra-day trading charts attached below, BTC hit an all time high of $900/BTC on MT Gox.
This pricing level was followed closely on the BTC-E and Virtex Canada exhanges.
By the end of the day, investors hit the panic button and caused a massive sell off, lowering the price to around $400.00. However, by the time of publishing this posting, the price of BTC has recovered to a relatively steady state value of $650-700/BTC.
Absolutely phenomenal performance from the remarkable distributed digital currency....This is why I love reporting on this new digital currency frontier. Buckle your seat-belt and enjoy the ride.