Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations

Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations

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Source: Coindesk.com

Fears of sell pressure from Mt. Gox repayments and possible miner sales led to bitcoin dropping below $59,000, with major tokens like ether and Solana's SOL also declining. Trading firm QCP Capital anticipates a subdued market in the next quarter due to uncertainty around the Mt. Gox bitcoin supply release.

Fears

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The post "Bitcoin Plunges Under $59K as Crypto Bulls See $230M Liquidations" appeared first here Coindesk.com.

Source: Coindesk.com

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