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Comment by zwtaylor | Hacker News Reader

That seems to be what's happening at the moment. I initially assumed this announcement would cause a panic sell-off, instead it seems as if a lot of users are now converting their USD back into BTC in light of the hiatus. The exchange rate has ticked up pretty steadily as a result.

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If it was just a MtGox only issue, then bitcoins on MtGox ought to be at a premium compared to the other exchanges. But if you look at http://bitcoincharts.com/markets/ it seems like MtGox is perfectly in line with the other markets - within half a dollar of Bitstamp and actually cheaper than BitBox etc.

Check again -- look at http://bitcoincharts.com/markets/currency/USD.html. There's a significant premium on MtGox. At the time that I'm writing this, the values are

    mtgoxUSD:     112.99
    bitstampUSD:  107
    btceUSD:      106.87
    cbxUSD:       106.12
    vcxUSD:       105
    bitoxUSD:     95

I get a different version checking now - MtGox isn't even the most demanding of Bitcoin:

    icbitUSD    100
    bitstampUSD 103
    btceUSD     106
    cbxUSD Camp 107
    mtgoxUSD    109
    rockUSD     109
    bitboxUSD   118

It's tied with rock, and as I said, below BitBox. Looks like Bitstamp has diverged more, though.

This is true, but Mt. Gox historically has the lowest exchange rate as they have far more liquidity than other exchanges. Gox is also the primary indicator against which other markets rise or fall, today is no exception.

In an unrelated note, big fan of your site.

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