Bitcoin (BTC) Hits Lowest Since February as Mt. Gox Moves $2.6B in BTC
The post Bitcoin (BTC) Hits Lowest Since February as Mt. Gox Moves $2.6B in BTC appeared on BitcoinEthereumNews.com. The impending repayments, which include 140,000 BTC ($7.73 billion), 143,000 BCH, and the Japanese yen, were announced last month. Since then, traders have been worried that creditors who have patiently waited for reimbursements for a decade will immediately sell upon receiving coins, creating mass selling pressure in the market. Note that BTC was trading at roughly $600 when the exchange was hacked in 2014, and today, it is worth over $55,000. Source: https://www.coindesk.com/markets/2024/07/05/bitcoin-dips-below-54k-as-mt-gox-moves-26b-in-btc/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The post Bitcoin (BTC) Hits Lowest Since February as Mt. Gox Moves $2.6B in BTC appeared on BitcoinEthereumNews.com.
The impending repayments, which include 140,000 BTC ($7.73 billion), 143,000 BCH, and the Japanese yen, were announced last month. Since then, traders have been worried that creditors who have patiently waited for reimbursements for a decade will immediately sell upon receiving coins, creating mass selling pressure in the market. Note that BTC was trading at roughly $600 when the exchange was hacked in 2014, and today, it is worth over $55,000. Source: https://www.coindesk.com/markets/2024/07/05/bitcoin-dips-below-54k-as-mt-gox-moves-26b-in-btc/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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