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🟠BITCOIN PRICE FALLS AMID MT. GOX FEARS

🟠BITCOIN PRICE FALLS AMID MT. GOX FEARS

Day: 08 | Time: 07:32:19.000Z The price of Bitcoin is falling due to fears of sell-offs by the creditors of the former exchange Mt. Gox, which is returning a treasure of around $8 billion of the largest digital asset. The cryptocurrency dropped as much as 5.2% on Monday before slightly recovering, trading at $55,290. Germany has also reported the sale of seized Bitcoin, while global markets are in a cautious phase. Mt. Gox, once the largest Bitcoin exchange in the world, was hacked in 2011 and collapsed in 2014. The gradual return of tokens to creditors could lead to an oversupply in the market.

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