Investing.com - Bitcoin prices were holding above recent lows on the Tokyo-based Mt. Gox Exchange on Tuesday, but were trading at almost half the rate on other exchanges, as delays in tracking withdrawal transactions continued.
BTC/USD rose to a session high of $370.00 on Mt. Gox, before falling back to $288.50. The virtual currency fell to lows of $220 on Monday.
The price of Bitcoin on Mt Gox recovered to highs of $390 late Monday following an announcement from the exchange that a fix was close, and that withdrawals “at a moderated pace” would “soon” resume.
Mt. Gox, which was once the world's largest Bitcoin trading exchange, was forced to halt all Bitcoin withdrawals on February 7 due to a technical issue, leading to a collapse in the price of the virtual currency.
Elsewhere, the price of a Bitcoin last traded at $621.97 on Slovenia-based BitStamp, while prices on BTC-e were at $608.60. BitStamp is the world’s largest Bitcoin exchange, while Bulgaria-based BTC-e is the third-biggest by volume.
According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, the price of the crypto-currency was at $614.96.
Bitcoin is digital cash for the internet and it is not backed by a government or central bank to regulate or issue it. It can be used to purchase goods and services from stores and online retailers.
Prices of the virtual currency soared to an all-time high of $1,241.10 on November 29. It was trading at $100 in early October.