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Bitcoin Price Crashes Below $61,000: The Main Reasons Newsbtc 4 days ago

Bitcoin Price Crashes Below $61,000: The Main Reasons

Mt. Gox Willy Woo Nobuaki Kobayashi USA Bitcoin

Bitcoin's price experienced a 4.8% drop to $60,601 due to factors like Mt. Gox repayment news, significant liquidation of long positions, and ongoing miner capitulation. These developments triggered market fears of oversupply, driving prices down and increasing market volatility.

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