Will Mt. Gox repayments crash Bitcoin below $50,000?
After briefly crossing above $71,000 in early June, Bitcoin (BTC) has since entered into its biggest downturn of 2024. Indeed, the cryptocurrency first lost its relatively stable, multi-month level near $67,000 and then collapsed through several consecutive support zones. By July 5, Bitcoin price stood at $54,413 – the lowest it has been since late February. BTC 30-day price chart. Source: Finbold Though there are many possible explanations for BTC’s fall, investors have increasingly been looking at a convergence of events, all carrying the danger of significant selling pressure. Picks for you ChromaWay broadens Chromia's reach by partnering with the AWS Partner Network 1 hour ago Crypto bloodbath as $130 billion lost in a da...