Bitcoin and major cryptocurrencies experienced sharp declines during Asian trading hours, reversing gains made earlier in the week.
One trader continues to predict a BTC price of $150,000 this year, despite the short-term turbulence. BTC dropped to $60,900 from over $62,000 shortly after Tokyo markets opened, with losses of up to 3% across etherConcerns that large BTC sales would follow distributions by the defunct Mt. Gox exchange probably contributed to bearish sentiment, Singapore-based QCP Capital said in a Telegram broadcast on Tuesday,
Mt. Gox will start distributing assets stolen from clients in a 2014 hack in July 2024, after years of postponed deadlines. The repayments will be made in bitcoin and bitcoin cash, and could possibly add selling pressure to both markets, as