Bitcoin Drops to $8,300 as Mt. Gox Trustee Sell Off Continues, Market Drops

in cryptonews •  7 years ago 

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Yesterday, on March 9, CCN reported that the sell off of hundreds of millions of dollars, and the plan of the trustee to dump the remaining $1.7 billion worth of bitcoin into the market have caused the price of bitcoin to drop substantially in a short period of time.

Bitcoin Drops
Since March 7, within a 48-hour span, the price of bitcoin decreased from $10,600 to $8,300, recording a staggering $2,300 drop in value. The entire market followed bitcoin’s price trend, as the three largest cryptocurrencies behind bitcoin in Ethereum, Bitcoin Cash, and Ripple all declined by 11 percent, by the same exact margin as bitcoin.

Read the rest of rhe news article here
https://www.ccn.com/bitcoin-drops-8300-mt-gox-trustee-sell-off-continues-market-drops/

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The dramatic slash in bitcoins is a cause of concern for those who have made a hefty investment, is it anyways affecting the stakeholders of blockchain platform? I guess that the people whose posts earn a good amount on @steemit, suffer an obvious loss.

short of time.

Fery nice broo