Bitcoin Experiences Sharp Decline in Asian Trading Hours Due to Mt. Gox Concerns

Reported 12 months ago

Bitcoin and other major cryptocurrencies saw significant drops during Asian trading hours, with BTC leading the decline to below $61,000. This was linked to fears of large BTC sales from the defunct Mt. Gox exchange distributing assets stolen in a 2014 hack. Despite this, one trader continues to predict a year-end BTC price of $150,000 amidst the short-term market turbulence.

Source: YAHOO

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