CoinOtag
2024-07-05 20:22:36

Bitcoin Price Falls Below $54,000 as Mt. Gox Repayments Spark Mining Unprofitability and Market Capitulation Concerns

Bitcoin has fallen below the $54,000 mark, seeing a sharp decline of over 6% in the past 24 hours due to increasing bearish pressure. The market’s downturn has been exacerbated by Mt. Gox, an early cryptocurrency exchange, repaying its customers following a long bankruptcy process. Several Bitcoin mining machines have become unprofitable as the digital

Get Crypto Newsletter
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.