bitcoin price in MT gox is falling to zero.
Is this normal?
On top of their prior bombshells regarding the transaction malleability issue, they have imposed additional restrictions on the ability to withdraw funds (i.e., heightened ID verification requirements).
It's looking increasingly likely that Mt Gox is insolvent and trying to buy time. Ironically, one of the early proponents of the merits of Bitcoin as a decentralized platform finds itself at the epicenter of a monumental failure of centralized trust.
The sooner it goes the sooner the crypto world can start to recover.
Feel sorry for the people caught up in it.
Never traded there myself thankfully.