Bitcoin Price Threatened by Government Sales and Mt. Gox Repayments Amid Market Volatility

Bitcoin’s recent decline below $61,000 is generating concern among cryptocurrency enthusiasts, with QCP Capital issuing a cautionary note on potential further declines. The present volatile market climate around Bitcoin has exacerbated worries, with QCP Capital pointing out elements that could push the cryptocurrency’s value to $50,000. QCP Capital emphasizes that the relapse from the Mt.

Source: CoinOtag