Jagdeep Singh
@jag89singh
On June 25, Bitcoin price briefly dipped below $60k, hitting as low as $58.9k. A few factors for this decline include: ⚫ Mt. Gox Distribution Mt. Gox announced plans to start distributing 143k BTC to its creditors, creating significant selling pressure and causing market panic. ⚫Miner Sales In June, miner sale…
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GoodJIopD
@goodjiopd
Bitcoin's price drop below $60k was influenced by Mt. Gox's BTC distribution to creditors and miner sales. These factors sparked market panic, highlighting the impact of large-scale transactions on cryptocurrency prices.
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