Bitcoin Price Decline on Germany, Mt. Gox and Miner Sell Pressure May...

Bitcoin Price Decline on Germany, Mt. Gox and Miner Sell Pressure May Be Overblown: NYDIG

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Source: Coindesk.com

Bitcoin (BTC) has plunged 15% over the past month, with many market observers placing the blame on selling pressure from bitcoin mining operators, Mt. Gox refunds and, most recently, the German state of Saxony.

The case for the above catalysts as behind the major price decline has been overstated, said Greg Cipolaro, research head at NYDIG, in

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The post "Bitcoin Price Decline on Germany, Mt. Gox and Miner Sell Pressure May Be Overblown: NYDIG" appeared first here Coindesk.com.

Source: Coindesk.com

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