Rumor has it that the US government liquidated a sizeable portion of its Mt. Gox Bitcoin holding leading to a strong price correction.
Bitcoin continues to receive support from US lawmakers who have added the crypto during this correction period.
After a healthy jump to $30,000, the Bitcoin (BTC) price dropped all the way to $27,000 as reports emerged that the US government has been liquidating a significant portion of its Mt. Gox Bitcoin (BTC) holdings. This led to a sudden increase in the selling pressure on Bitcoin which led to greater volatility and impacted market stability.
During this year in 2023, the average daily selling pressure based on crypto exchange inflows has been around 28,800 BTC per day. Popular Twitter handle for crypto @MitchellHODL explains that if the US government dumps one-third of its total held Bitcoins, it increases the daily selling pressure by 48 percent.
Word on the street is that this afternoon’s dump is the US govt (stupidly) liquidating a bag of Mt. G

Czytaj więcej

We współpracy z: https://www.crypto-news-flash.com/bitcoin-dropping-from-29k-to-27k-in-seconds-after-mt-gox-wallets-perform-transactions-will-it-drop-further-to-25k-or-rise-to-31k-report/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-dropping-from-29k-to-27k-in-seconds-after-mt-gox-wallets-perform-transactions-will-it-drop-further-to-25k-or-rise-to-31k-report