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Bitcoin Drops Again on Mt. Gox Debt Repayment Concerns
Monday 08 July 2024 10:19 | EconomicNumber of readings: 178
[rtl]Baghdad / NINA / Bitcoin (digital currency) is under pressure again due to concerns about potential sales of the currency by creditors of the collapsed "Mt. Gox" exchange, which has begun to return about $ 8 billion worth of the cryptocurrency, which is considered the largest digital asset.
The price of Bitcoin fell on Monday by about 5% to trade at $ 54,400 at 9:25 am in Singapore, about $ 19,000 less than the record level it recorded last March. Smaller cryptocurrencies such as Ethereum, XRP and Dogecoin also fell.
Sentiment was also affected by signs that the German government will get rid of confiscated Bitcoin holdings, and global markets are acting cautiously as investors assess the results of the legislative elections in France. /End11[/rtl]
The price of Bitcoin fell on Monday by about 5% to trade at $ 54,400 at 9:25 am in Singapore, about $ 19,000 less than the record level it recorded last March. Smaller cryptocurrencies such as Ethereum, XRP and Dogecoin also fell.
Sentiment was also affected by signs that the German government will get rid of confiscated Bitcoin holdings, and global markets are acting cautiously as investors assess the results of the legislative elections in France. /End11[/rtl]
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