#Bitcoin #Cryptocurrency #Crypto
The price of Bitcoin has continued its descending movement, sliding under the $55,000 threshold, returning back to levels last seen in February.
Bitcoin’s (BTC) sell-off has intensified amid reports that the collapsed crypto exchange Mt. Gox moved over 47,000 BTC (worth around $2.6 billion) to a new wallet ahead of its $9 billion payout. At the time of writing, the price of Bitcoin is $54,561, a mark last witnessed in February, when the largest by market capitalization cryptocurrency was surging to a new all-time high.
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Timestamp:
0:00 - Intro
0:05 - Bitcoin $55,000
1:00 - Reduced mining rewards
1:30 - 235,000 traders were liquidated
1:59 - TRON founder teasing
2:03 - Justin Sun To buy confiscated Bitcoins from German government
2:20 - Outro
