Investing.com - <\/p>\n
Investing.com - Bitcoin prices edged lower on Wednesday, as the virtual currency community prepared to hold its own Black Friday event later in the week. <\/p>\n
Bitcoin (BTC\/USD) fell $5.64, or 1.49%, to trade at $372.36 on Slovenia-based BitStamp during U.S. morning hours. <\/p>\n
The price of a bitcoin on Bulgaria-based BTC-e slumped $1.70, or 0.46%, to trade at $369.30, while prices on Singapore-based itBit dropped $6.03, or 1.6%, to trade at $371.00. <\/p>\n
According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency lost $3.68, or 0.98%, to trade at $372.04. <\/p>\n
More than 1,200 merchants are expected to take part in the third annual Bitcoin Black Friday event later this week. <\/p>\n
Last year, the number of merchants totaled 600 merchants, with sales hitting $6 million. <\/p>\n
According to Bitpay, BitcoinBlackFriday.com hit 100,000 visitors last year, with analysts expecting this year's traffic to be significantly higher. <\/p>\n
Meanwhile, the U.S Marshals Service will auction 50,000 Bitcoins, worth nearly $19 million, on December 4. The coins were seized in connection with online drug marketplace Silk Road 2.0. <\/p>\n
Meanwhile, euro-denominated Bitcoin prices (BTC\/EUR) eased down 0.19, or 0.06%, to trade at 300.99 on U.S.-based Kraken Exchange. <\/p>\n
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Originally posted here: Investing.com - Investing.com - Bitcoin prices edged lower on Wednesday, as the virtual currency community prepared to hold its own Black Friday event later in the week. Bitcoin (BTC\/USD) fell $5.64, or 1.49%, to trade at $372.36 on Slovenia-based BitStamp during U.S. Continue reading
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