The Bitcoin price fell below the $60,000 psychological mark on July 3, threatening to prolong the current price consolidation as Mt. Gox potentially starts releasing $9 billion worth of BTC.) fell 4.2% in the 24 hours leading up to 10:33 am UTC on July 3 to a local bottom of $59,600. The world’s first cryptocurrency is down 1.8% on the weekly chart,Bitcoin’s price has been in a downtrend since June, logging a nearly 18% decline during the second quarter of 2024.
The defunct crypto exchange may have started repaying creditors, based on a Bitcoin transfer volume chart for tokens last moved during the past seven to 10 years shared by Charles Edwards, the founder of digital asset hedge fund Capriole Investments.
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