Here are the three most important bitcoin news stories of the day, July 6, 2024:
Bitcoin falls below $56k Over the last few weeks, Bitcoin has been showing a decline and it fell under $56k for the first time in several months. This fall is ascribed by analysts to a variety of causes that include regulatory concerns, profit-taking among early investors and bad press lately.
Mt Gox starts paying back creditors with Bitcoin and Bitcoin Cash The now defunct Japanese cryptocurrency exchange Mt Gox is repaying its creditors using BTC as well as BCH which were lost during a hack in 2014 where billions worth of dollars disappeared. A good sign for crypto markets indicating that long term negative effects on BTC prices could be limited after all.
Private Equity Giants Circle AI-Allured Bitcoin Miners Private equity companies are said to be eyeing up bitcoin miners who they believe can benefit from artificial intelligence (AI) capabilities. This move may help boost efficiency within the mining sector while enhancing profitability through such investments.
