$BTC NEWS 🚨

Bitcoin Price Drops Due to Bitstamp Announcement

Bitcoin price dropped from around $67,000 to $66,074 at the time of writing. This was due to the latest announcement regarding MtGox. Kraken exchange has largely completed the refunds, but it is not the last exchange to do so. What does the latest announcement mean?

Why Is Bitcoin Dropping?

Bitcoin price fell to $66,074. This was due to an announcement made by Bitstamp. According to the exchange’s statement, they have received the assets and will complete the refunds soon. A separate announcement will be made when the refund is completed. Another source stated that the refunds will be made on July 25.