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Bitcoin is facing selling pressure due to concerns over possible sales by Mt. Gox creditors, who are returning an $8 billion hoard. The market is rattled by German government exchange transfers and Mt. Gox payouts, leading to a 2% price drop in the past 24 hours.
Bitcoin’s price has fallen further over the past 24 hours as Mt. Gox payouts and the German government’s transfers to crypto exchanges continue to rattle the market. https://t.co/2q3BroeSQV https://t.co/ybLpMnMdr5
BITCOIN PLUMMETS DUE TO MT GOX PAYOUTS AND GERMAN BTC TRANSFERS Bitcoin's value has taken a hit, dropping over 2% within the last 24 hours. This downturn is attributed to the anticipated asset offloading from Mt Gox repayments and significant BTC transfers by the German… https://t.co/cKYHAs3QnG
BITCOIN PRICE SLUMPS BY 2% Bitcoin's price has dipped over 2% in the past 24 hours, driven by Mt Gox payouts and the German government transferring BTC to exchanges. Analysts at QCP Capital note that while equities and gold are rebounding, Bitcoin is facing intense selling… https://t.co/yxYk4o4Ii1