After browsing some charts, it was clear that Archcoin suffered from a major selloff, but what’s deal? To investigate a little further we went to their website http://www.archcoin.co, and were re-directed to this Bitcoin Forex trading site:

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Is Archcoin going to the be the gateway coin for the money markets and international exchanges? Or, is this some sort of affiliate link?

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Regardless, stumbling upon this site and taking a quick look offered a unique perspective on some of the ways teh altcoins are diversifying the trading business, and given that there was a recent selloff, hedgy investors may look at getting in on ARCH while it is still on a down-note. However, it is tough to say whether ARCH is directly running this broker site, or just redirecting traffic, and only time will tell.

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In Other News

Bitcoin has made some gains over the last few days, and recently bumped back above the $400 USD point, and is fluctuating on a range between $400 and $410. Radium, (RAD) is also one of the top gainers, as well as OMNI, MAID, NAS, and GameCredits. Some of the top losers are Vanillacoin, Ether (dropped below $5 USD, and Qora.