Bitcoin coin plunged in price to $130 from a record high of $260 on Wednesday. Bitcoin is still up more than 800 percent year-to-date.
Mt. Gox issued a press release: "The rather astonishing amount of new accounts opened in the last few days added to the existing one plus the number of trade made a huge impact on the overall system that started to lag. As expected in such situation people started to panic, started to sell Bitcoin in mass (Panic Sale) resulting in an increase of trade that ultimately froze the trade engine!"
Traders trying to log in to the Mt. Gox found a message: "Trading is halted until 2013-04-12 02:00am UTC (10 p.m. ET) to allow the market to cool down following the drop in price."
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4/11/2013 @ 8:47pm