Why does blockchain.info say BTC was traded for $35?

10

According to blockchain.info, BTC reached a peak rate of $35 in June 2011. According to the data available from bitcoincharts.com, the highest price BTC was traded in Mtgox that month (and until recently, the all-time high) is $31.9099.

What is the reason for this discrepancy? Does blockchain.info give the rate from an exchange other than Mtgox?

Meni Rosenfeld

Posted 2013-02-28T12:43:23.203

Reputation: 18 542

Not sure but there were a lot of canceled trades occurring back in the day, especially with the fraudulent access to login credentials occurring before Mt. Gox realized there truly was a security breach.Stephen Gornick 2013-02-28T13:27:25.653

3@StephenGornick: Weren't these things some time after the peak?Meni Rosenfeld 2013-02-28T14:28:03.973

Could you point to the page that says this?Nick ODell 2013-05-26T18:48:00.913

Answers

2

In the past blockchain.info got their prices from two sources: MtGox and Tradehill (though in the meantime they have removed the reference to Tradehill from their description). It could be related to that.

Also other media report a peak rate of USD 33, e.g., http://www.economist.com/blogs/babbage/2011/10/virtual-currencies

Marco Polo

Posted 2013-02-28T12:43:23.203

Reputation: 90