Bitcoin Price Hit 2018 Lows Because Of $400 mln Mt.Gox… | News

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Bitcoin prices fell as low as $6000 in 2018 due to a Mt.Gox trustee “panicking” and selling $400 mln worth of bitcoins (BTC), reports suggest this week.

As multiple news outlets reported from March 7, Nobuaki Kobayashi has sold over 35,000 BTC and 34,000 BCH (Bitcoin Cash) in order to pay the defunct exchange’s creditors.

The sales occurred via an exchange, with each individual sale…

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