Bitcoin price drops below $61,000: More than $100 million liquidated in the last hour following news of Mt. Gox.
Will we see a restoration soon? đ
The recovery in the price of Bitcoin in the near future is difficult to predict accurately. The recent drop below $61,000 and the liquidation of over $100 million in the last hour were the result of news regarding the repayment of Mt. Gox.
Bitcoin price movement is highly influenced by multiple factors such as major economic news, regulatory developments, market sentiment, and significant trading activities.
Whether the price of Bitcoin will regain its previous levels soon depends on how these factors play out. Market sentiment changes quickly, and positive or negative news can significantly affect prices.
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