Why is Crypto Down Today? Mt. Gox Payouts & German Holdings Push BTC Below $56k
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Bitcoin’s price has fallen below $56,000, currently hovering around $55,300 as of July 8, 2024. The broader crypto market is experiencing a selloff, with numerous altcoins down by at least 5%. Contributing factors include Mt. Gox's ongoing Bitcoin payouts to creditors and substantial Bitcoin holdings by the German government, which are causing market jitters and selling pressure.
Source: blockonomi.com ↗
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