Bitcoin Continues to Resist as Selling Pressure Continues
While Mt. Gox's refunds to its creditors have increased selling pressure in the crypto market, it now faces possible selling pressure from the German government. According to Arkham Intelligence, Germany still holds 29,286 Bitcoin (BTC) worth $2.2 billion.
Bitcoin is currently trading at $56,411. Germany's Bitcoin (BTC) sales and Mt. Gox refunds worry investors, which increases the selling pressure in crypto markets. Despite these, I think it is admirable that Bitcoin still remains above $ 56,000 and clearly shows how strong the next rise will be. We'll wait and see.
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