a four-month low on Friday, breaking below technical supports as traders anticipated the dumping of long-lost tokens from a defunct Japanese exchange and further selling by momentum-spooked leveraged players.of the world’s largest cryptocurrency slid more than 8% to US$53 523, below chart support around $55 000 and its lowest since late February.
“The selling pressure is still related to creditor selling from the failed Mt Gox exchange,” Tony Sycamore, a market analyst at IG, said. “However, the acceleration to the downside suggests the market is trying to get ahead of the creditor flows.”
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin drops on US politics drama, risk of Mt. Gox-linked salesThe largest cryptocurrency fell as much as 2.7% on Thursday before paring some of the drop to trade 1% lower at $58 875 as of 12:22 p.m. in Singapore.
Source: Moneyweb - 🏆 5. / 77 Read more »
MTI’s dwindling pool of assetsThe collapsed bitcoin Ponzi scheme has shrunk from R1.1bn in 2021 to R627m.
Source: Moneyweb - 🏆 5. / 77 Read more »
Euro sinks, stocks to drop on EU vote outcome: Markets wrapBitcoin fell 0.2% to $69 571.46.
Source: Moneyweb - 🏆 5. / 77 Read more »
Bitcoin investors begin to ponder what’s next after ETF mania coolsBitcoin, which reached a record $73 798 on March 14, is closing the quarter at around $61 000.
Source: Moneyweb - 🏆 5. / 77 Read more »