Why Bitcoin Price Drops Below $60K | Mt. Gox Update | Key Points | June 25, 2024
Bitcoin's price has fallen below $60,000, its lowest since early May, due to concerns over impending repayments to Mt. Gox creditors
Crypto Price Update
Here are the crypto highlights of the day:
Bitcoin’s price fell below $60,000 for the first time since early May amid concerns over impending repayments to Mt. Gox creditors.
Why it matters: The market is worried that creditors, who will start receiving their Bitcoin and Bitcoin Cash next week, might sell their coins immediately, potentially flooding the market and driving prices down further.
Key numbers:
What else are jittering the prices: The Mt. Gox story is on top of news about the recent outflows from U.S. Bitcoin ETFs and investor pessimism over potential interest rate cuts by the Federal Reserve.
What to watch: You should monitor the market response once Mt. Gox repayments begin next week and the potential impact of large-scale sell-offs by creditors.
[Or better yet, join us in the upcoming webcast where we will discuss the topic above!]
Philippine Crypto News
Educational Corner
Regulation Watch
Stay informed about the latest regulatory updates and what they mean for you:
Community Spotlight
Meet Donald Lim: He is the Chief of the telecommunication firm DITO and the President of the Blockchain Council of the Philippines (BCP).
Check out his other web3 endeavors here.
More Web3 and AI News
Discover the latest in web3 and AI innovation.
Web3 Gaming Section
The future of web3 is gaming, and here are the latest news.
Event Announcements
Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space!
Noteworthy
Key updates and announcements from around the crypto and blockchain world:
Stay Connected:
We’d love to hear from you! Reply with your thoughts or questions.
This article is published on BitPinas: Why Bitcoin Price Drops Below $60K | Mt. Gox Update | Key Points | June 25, 2024
Filipino Traders Compare Stock Trading and Crypto Trading
Axie Infinity Developer Sky Mavis Brings Lumiterra MMORPG to Ronin
Guide to W-Coin: A New Telegram-Based Game With Potential Airdrop
Why Are Altcoins Struggling More Than Bitcoin and Ethereum? | Weekly News Recap
Iggy Azalea shows love for Coins.ph’s $MOTHER listing
Coinex Charity Highlights Importance of Crypto Education During Blockchain Campus Conference
News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-price-drops-k-mt-gox-update-key-june.html
The above is the detailed content of Why Bitcoin Price Drops Below $60K | Mt. Gox Update | Key Points | June 25, 2024. For more information, please follow other related articles on the PHP Chinese website!
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
Notepad++7.3.1
Easy-to-use and free code editor
SublimeText3 Chinese version
Chinese version, very easy to use
Zend Studio 13.0.1
Powerful PHP integrated development environment
Dreamweaver CS6
Visual web development tools
SublimeText3 Mac version
God-level code editing software (SublimeText3)
Hot Topics
1664
14
1423
52
1317
25
1268
29
1243
24
OM Mantra Cryptocurrency Crashes 90%, Team Allegedly Dumps 90% of Token Supply
Apr 14, 2025 am 11:26 AM
In a devastating blow to investors, the OM Mantra cryptocurrency has collapsed by approximately 90% in the past 24 hours, with the price plummeting to $0.58.
Nasdaq Files to List VanEck Avalanche (AVAX) Trust ETF
Apr 11, 2025 am 11:04 AM
This new financial instrument would track the token's market price, with a third-party custodian holding the underlying AVAX
TrollerCat ($TCAT) Stands Out as a Dominant Force in the Meme Coin Market
Apr 14, 2025 am 10:24 AM
Have you noticed the meteoric rise of meme coins in the cryptocurrency world? What started as an online joke has quickly evolved into a lucrative investment opportunity
Zcash (ZEC) Reaches a High of $35.69 as a Record Amount of Tokens Move Out of Circulation
Apr 09, 2025 am 10:36 AM
Zcash was one of the top gainers during the latest market rally, reaching a high of $35.69 as traders moved a record amount of tokens out of circulation.
Is Wall Street Quietly Backing Solana? $42 Million Bet Says Yes
Apr 10, 2025 pm 12:43 PM
A group of former Kraken executives acquired U.S.-listed company Janover, which secured $42 million in venture capital funding to begin building a Solana (SOL) treasury.
The Crypto Market Has Witnessed a Rebound Following the Recent Sheer Downturn
Apr 13, 2025 am 11:40 AM
The crypto market has witnessed a rebound following the recent sheer downturn. As per the exclusive market data, the total crypto market capitalization has reached $2.71Ts
As Fear Drives Selling, BlockDAG (BDAG) Stands Out from the Crowd
Apr 13, 2025 am 11:48 AM
As fear drives selling in the crypto market, major coins like Cardano and Solana face tough times.
Bitcoin (BTC) Has Outperformed Ethereum by Over 85% in Realized Market Cap Growth
Apr 11, 2025 am 10:12 AM
Bitcoin (BTC) has outperformed Ethereum by over 85% in realized market capitalization growth, according to data provided by on-chain analytics platform Glassnode on April 10.