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Why Bitcoin Price Is Down Today?

source-logo  coingape.com 29 May 2024 04:40, UTC

Bitcoin price saw a pullback today after reports of Mt. Gox’s massive BTC move to an unknown wallet address triggered a broader market selloff. Mt Gox later denied claims of selling $10 billion worth of Bitcoin and Bitcoin Cash reserves for making repayments to creditors. However, the crypto market failed to rebound despite denial by a former executive.