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US Marshals’ second bitcoin auction only draws 11 bidders

The first time the U.S. Marshals auctioned off bitcoin, the price spiked six percent and Twitter lit up with rumors of who bid on the auction. This time? Barely a peep from the peanut gallery. While June’s Silk Road auction drew in 45 bidders and 63 bids, the Marshals’ office reported only 11 registered bidders and 27 bids received for the 50,000 bitcoin that were up for grabs from Dread Pirate Roberts. Meanwhile the price of a bitcoin has remained relatively flat today, hovering around $371 — much lower than the $640 a bitcoin was worth when Tim Draper won the first auction.