Today at BTC-Arbs:
TUESDAY 4TH MARCH 2014

1.15%

Last night we saw some major movement on the markets, with a sustained 24-hour volume on Bitstamp of approximately 60,000 Bitcoins. This was likely due to the speculation after Blockchain's announcement that they would have a major announcement on Tuesday. When today rolled around, it turned out that Blockchain's announcement wasn't nearly as important or relevant as was expected, and was merely an acquisition of a new company, which was being merged with ZeroBlock. Speculation drives the Bitcoin market, and often causes major price shifts, which are great for us. We managed to profit from multiple arbitrage opportunities between Bitstamp, BTCe and BitFinex, but unfortunately missed some of the better ones due to waiting for the Bitcoin confirmations when rebalancing our Bitcoin balances between two of the exchanges. Our profit for today is 1.15%.