Bitcoin Price Rebounds Above $57K Following Mt. Gox and Government Sale Pressures
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Bitcoin, the leading cryptocurrency, saw its price fall below $54,000 on Friday due to sell-off pressures stemming from the German government and Mt. Gox repayment transfers. Despite reaching price levels last seen in February, Bitcoin rebounded above $57,000. Analysts suggest this recovery demonstrates that investors are effectively absorbing the pressures from the $8 billion Mt. Gox repayments and sales by the US.
Kaynak: en.coinotag.com ↗
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