Bitcoin dip under $65K is not ‘likely’ due to Mt. Gox sell-off
There could be seasonal, political and other reasons why Bitcoin has dipped below $65,000, but Mt. Gox Bitcoin sales aren’t one of them, say analysts.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
There could be seasonal, political and other reasons why Bitcoin has dipped below $65,000, but Mt. Gox Bitcoin sales aren’t one of them, say analysts.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Ethereum Price Prediction: Layer-2 Trouble Deepens as Another Network Shuts Down
Blast’s decision to close its Layer-2 network sharpens the question of Ethereum price and prediction: does activity ultimately con...
Pudgy Penguins’ parent firm shuts down its own blockchain
Pudgy Penguins’ parent company, Igloo Inc, announced the shutdown of Abstract Chain after “losing tens of millions of dollars over...
Ethereum (ETH) Price Prediction: ETH Eyes Recovery From $2,600 as $2,666-$2,689 Becomes Resistance
Ethereum price is holding around $2,618 as buyers attempt to preserve the latest recovery, but the market is approaching a decisiv...
Why Abstract is killing its Ethereum L2 instead of launching a token to save it
Abstract will shut down on Dec. 15 despite onboarding more than 400,000 users, hosting 144 apps, and landing brands including Disn...
Ethereum ETFs Lose $201.9 Million As Bitcoin Funds Return To Inflows
TL;DR: US spot Ethereum ETFs recorded $201.9 million in net outflows on October 6, according to Farside Investors. Bitcoin ETFs mo...
Ethereum falls 6%, leaving $1.35 billion in long bets at risk of liquidation
Ethereum’s slide toward $2,500 has put about $1.35 billion of leveraged long positions at increasing risk of liquidation. CoinMark...