What's going on with volume? Seems like only about 30 BTC has changed hands in the last 30 minutes.
BTC8.83 in the last 25 minutes to be exact.
That explains how "the traditional banking system is unable to keep up with the demands of a growing Bitcoin economy", poor Gox whose load is crashing the Mizuho bank, which has a yearly revenue of +1 billion
Can't believe how bearish this is. No big money is going to flow in under these conditions, so impulsive upward moves are pretty much guaranteed to not occur.
I do wonder whether all major banks have started to treat MtGox like Wikileaks, and whether that could extend to other exchanges as well.
I'm sure they will find some way for people to withdraw eventually, though, but I have no idea how long it can take.