Bitcoin price declined from the 9300 – 9400 band to the level of $9050 during the day.
This drop in Bitcoin, today Mt. Associated with 8,200 Bitcoins transferred from Gox wallets to be sold on exchanges. At the time of publication, the market value of 8,200 TC exceeds $ 70 million.
Meanwhile, there are still 137 thousand BTCs waiting to be sold in the wallets.. The movements in the wallets can be tracked at the following address.
Actually, under normal conditions, a sale of 70 million dollars is not expected to have such a big impact on the 400 billion dollar market, but the panic in the market magnifies the effect.
As it is known. , closed after a hacking attack on Mt. Gox, the trustee has been selling Bitcoin for a while due to the payments to be made to the creditors.
16 thousand BTC was sold in April
Last April, Mt.. Gox wallets moved 16 thousand BTC to cryptocurrency exchange Kraken. That day’s sale also led to a decline of about $1000 in Bitcoin.
A week full of FUD and FOMO
The current week is full of FUD (uncertainty, fear and doubt) and FOMO (opportunity). It is quite intense in terms of fear of kidnapping).. 3 richest people in the world at the beginning of the week. Warren Buffett, whose name is Warren Buffett, called Bitcoin ‘rat poison’ in his live broadcast and said that it did not produce anything.. 2 richest people in the world in the same program. His name, Bill Gates, stated that Bitcoin is an investment of the ‘Bigger Stupid Theory’ type of investment.. The comments of these important names were again met with panic in the market. Intercontinental Exchange, the owner of the largest stock exchange New York Stock Exchange, announced that it is developing a Bitcoin exchange.