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🟠BITCOIN PRICE DROPS, THEN REBOUNDS

🟠BITCOIN PRICE DROPS, THEN REBOUNDS

Day: 09 | Time: 19:36:24 The price of Bitcoin dropped to $53,500 due to massive selling by the German government and the refunding of Mt. Gox creditors. After the crash, the price rebounded to $57,500, with some on-chain indicators showing future strength for Bitcoin.

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The Bitcoin (BTC) price has suffered huge selling pressure dropping all the way to $53,500 on Monday amid the massive sell-off by the German government as well as the Mt. Gox’s creditors’ repayment. After yesterday’s crash, the Bitcoin price has recovered to $57,500 as of press time with some of the on-chain metrics showing strength for Bitcoin going ahead.