Reported about 1 year ago
Bitcoin fell below $59,000 due to fears of sell pressure from Mt. Gox repayments and potential miner sales, causing major cryptocurrencies like ether and Solana's SOL to also decline. The market anticipates a subdued quarter ahead with uncertainty surrounding the release of Mt. Gox's bitcoin supply. Liquidations data revealed over $230 million in losses in the past 24 hours, with notable declines in BTC, ETH, DOGE, SOL, XRP, and PEPE futures trades. QCP Capital predicts a bearish cryptocurrency market in the upcoming quarter.}
Source: YAHOO