Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms

Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms

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Source: Coindesk.com

The largest cryptocurrency could drop to as low as $50,000 in coming weeks as billions of dollars of supply may be released to the market. The prospect of bitcoins from defunct crypto exchange Mt. Gox and the German government hitting exchanges has sent the price plunging 10% in the past seven days.

Read More https://www.coindesk.com/markets/2024/07/05/bitcoin-traders-target-50k-as-billions-in-btc-selling-pressure-looms/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms" appeared first here Coindesk.com.

Source: Coindesk.com

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