Bitcoin Declines as Mt. Gox Repayments Accelerate

in #cryptolast month

Bitcoin fell below $66,000 today after a significant number of MtGox users stated that they received their repayments via social media platforms. Actually, this was expected, but it will not last long, by the way, MtGox's repayments are expected to take about 2 weeks, so there may be fluctuations in the crypto markets for 2 weeks.


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Bitcoin is down 2.4% today and is currently trading at $65,840. Even though Bitcoin is in decline, I remain optimistic and believe that Bitcoin may start an upward trend in August. We'll wait and see.

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