Bitcoin (BTC) Plunges to 4-Month Low Due to Concerns Around the Mt. Gox Repayment Plan and Government Sales
- 王林Original
- 2024-07-15 20:35:01499browse
Bitcoin has plunged to its lowest level in over four months due to concerns around the Mt. Gox repayment plan and government sales.
Bitcoin (BTC) dropped to its lowest level in four months on Sunday, as new concerns emerged over the sell-offs of large amounts of BTC by several governments and the ongoing Mt. Gox exchange repayments.
Bitcoin price drops to 4-month low over Mt. Gox sell-offs, government sales
Bitcoin prices fell below $54,000 on Sunday, marking the lowest point since March 21. The new sell-offs come as the sell-offs by Mt. Gox began on July 7, and several government entities started transferring large amounts of BTC in the past few weeks.
Bitcoin dropped to a four-month low on Sunday, as new concerns emerged over the sell-offs of large amounts of BTC by several governments and the ongoing Mt. Gox exchange repayments.
After hitting a low of $53,844 on Saturday, BTC recovered to trade above $56,000 at the beginning of Sunday. However, further sell-offs saw the coin drop to trade at $53,973.64 by Sunday evening.
Bitcoin dropped to a four-month low on Sunday, as new concerns emerged over the sell-offs of large amounts of BTC by several governments and the ongoing Mt. Gox exchange repayments.
Bitcoin prices fell below $54,000 on Sunday, marking the lowest point since March 21. The new sell-offs come as the sell-offs by Mt. Gox began on July 7, and several government entities started transferring large amounts of BTC in the past few weeks.
The sell-offs by Mt. Gox began on July 7, as part of the exchange’s repayment plan to its creditors, which was approved by a Tokyo court in November last year. The sell-offs began after the exchange transferred over $2 billion in BTC to a wallet on July 7.
As part of the sell-offs, Mt. Gox began repaying its creditors in BTC, based on their claims at the time of the exchange’s closure in 2014. The sell-offs began slowly, with the sell orders being executed over several hours.
However, the sell-offs picked up pace in the following days, as Mt. Gox sold large amounts of BTC in quick succession. By July 10, the exchange had sold over 10,000 BTC, as part of the repayments to its creditors.
The sell-offs by Mt. Good began slowly, with sell orders being executed over several hours. However, the sell-offs picked up pace in the following days, as Mt. Gox sold large amounts of BTC in quick succession. By July 10, the exchange had sold over 10,000 BTC.
Many analysts have attributed the recent crypto market sell-offs to the Mt. Gox repayments, which saw BTC prices drop below the $60,000 mark and reach their lowest level since hitting an all-time high of $73,750 in March this year.
Bitcoin dropped to a four-month low on Sunday, as new concerns emerged over the sell-offs of large amounts of BTC by several governments and the ongoing Mt. Gox exchange repayments.
Bitcoin prices fell below $54,000 on Sunday, marking the lowest point since March 21. The new sell-offs come as the sell-offs by Mt. Gox began on July 7, and several government entities started transferring large amounts of BTC in the past few weeks.
After hitting a low of $53,844 on Saturday, BTC recovered to trade above $56,000 at the beginning of Sunday. However, further sell-offs saw the coin drop to trade at $53,973.64 by Sunday evening.
Bitcoin dropped to a four-month low on Sunday, as new concerns emerged over the sell-offs of large amounts of BTC by several governments and the ongoing Mt. Gox exchange repayments.
Bitcoin prices fell below $54,000 on Sunday, marking the lowest point since March 21. The new sell-offs come as the sell-offs by Mt. Gox began on July 7, and several government entities started transferring large amounts of BTC in the past few weeks.
The sell-offs by Mt. Gox began slowly, with the sell orders being executed over several hours. However, the sell-offs picked up pace in the following days, as Mt. Gox sold large amounts of BTC in quick succession. By July 10, the exchange had sold over 10,000 BTC, as part of the repayments to its creditors.
Many analysts have attributed the recent crypto market sell-offs to the Mt. Gox repayments, which saw BTC prices drop below the $60,000
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