(Source:NewsBTC)
The fall of crypto prices began to feel when entering December 2017.
Most of all crypto price has crash to $USD until now, and marketcap has low entry cap
This make sense by reported on Cointelegraph if The MT Gox trustee has sold half a billion worth of bitcoin and bitcoin cash between December 2017 and February 2018.
#Bitcoin prices fell as low as $6,000 in 2018 due to a Mt.Gox Nobuaki Kobayashi, has sold over 35,000 BTC and 34,000 BCH in order to pay the defunct exchange’s creditors..
Know we have now why it happen, not only caused by ban issue on China and Korea, but it caused by $400 Millions has left the market.
This mean Mt.Gox has make 4 times BTC crashes.
Hope the price will rebounce soon and meet new equilibrium with good sustainable.
Read full report here :
- https://cointelegraph.com/news/bitcoin-price-hit-2018-lows-because-of-400-mln-mtgox-sell-off-reports/amp?__twitter_impression=true
- https://www.trustnodes.com/2018/03/07/mt-gox-crashed-bitcoin-trustee-sold-bottom-blockchain-data-reveals
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