Bitcoin Struggles for Stability Amid Mt. Gox and German Government Scrutiny, Key Level at $51,500: Analyst
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Bitcoin's price experiences volatility influenced by the ongoing Mt. Gox proceedings and regulatory measures from the German government. Katie Stockton, founder of cryptocurrency analysis firm Fairlead Strategies, identified a critical support level at $51,500. Stockton shared these insights during an interview with CNBC, emphasizing the significance of this level for Bitcoin's stability.
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