Latest market news: Mentougou Mt.Gox trustee said it will start to repay BTC and BCH. Nearly 1% of the number of bitcoins will cause strong selling pressure, and the market is in panic. At the same time, referring to previous news, national-level selling pressure smashed the market! The German government sold 50,000 bitcoins! The whale arbitrages $1.2 billion in two weeks! The successive negatives and selling pressure have caused Bitcoin to fall continuously, with a daily drop of more than 5%, and the overall market of the crypto market is sluggish.

Data shows that in the past 24 hours, more than $150 million has been liquidated in the cryptocurrency market. This reflects from the side that this round of decline has indeed caused widespread panic in the cryptocurrency market. However, after Bitcoin fell below $61,000, it also triggered the intervention of some long forces. Moreover, the cryptocurrency market has always had a strong ability to resist declines, and it can often rebound quickly after a sharp drop.

For the future market, most analysts believe that Bitcoin faces the risk of further decline. The 10X Research Institute, a cryptocurrency research institution, pointed out that although it can be determined that the bull market has not ended, the upward momentum of cryptocurrencies has obviously weakened. If this round of adjustments continues, the price of Bitcoin may further drop to around $50,000. $BTC $ETH $BNB