Bitcoin Market Faces Turbulent Times Amid Mt. Gox Repayments and German Liquidations

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11 months ago bitnews

The recent repayment of 140,000 Bitcoins from the Mt. Gox case and the German government’s Bitcoin liquidations have caused significant ripples in the crypto market. This has heightened concerns over potential large-scale Bitcoin sales worth billions, especially after Bitcoin saw a 15% drop in early July. Market analyst Matthew Hyland has reaffirmed a lower price