Market Cap
24h Vol
6566
Cryptocurrencies
51.43%
Bitcoin Share

Bitcoin Price Drops Sharply as Miners and Mt. Gox Repayments Spur Market Volatility

Bitcoin Price Drops Sharply as Miners and Mt. Gox Repayments Spur Market Volatility


CoinOtag
2024-06-25 23:42:00

Bitcoin’s price experienced a significant drop earlier this week, leading to over $300 million in cryptocurrency market liquidations within a single day. Gayatri Choudhury, a Quantitative Research Analyst at Bitwise, attributes the selloff to two primary factors, which are unrelated to Bitcoin ETFs. Choudhury highlighted the role of Bitcoin miners and the impending repayment from


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.