Bitcoin Falls Below $54,000 Amid Mt.Gox Repayments and U.S. Economic Data Release

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10 months ago bitnews

Bitcoin, the leading cryptocurrency, witnessed a sharp decline to under $54,000 attributed to Mt.Gox repayments. Analysts have mixed opinions, with some predicting lower-than-expected selling pressure and possible price recovery. Focus shifts to upcoming U.S. economic data for potential impacts on BTC and altcoins. Discover the key reasons behind Bitcoin’s recent plunge and what to expect