Why falling Bitcoin? Purse Mt.Gox is gone, the next batch of coins
Source:
At the end of April with wallets hacked and bankrupt exchange Mt.Gox at 16 thousand coins BTC and BCH. Then the rate did not fall, and even increased. Because of this, the experts suggested that in this case it was not about selling crypto — currencies- the owners simply sent the money to another account. Now the situation is repeated, but market sags significantly.
theMt.Gox impact Bitcoin
According to the journalists, to crash the market again could a Trustee of the Mt.Gox. He was instructed to sell about 200 thousand bitcoins, part of which he finished in early March. Then the rate .
Yesterday the same thing happened. With each of the four wallets Trustee resigned for 2,000 coins, according to .
Nobuaki Kobayashi needs to sell coins and convert them into yen with financial institutions. Therefore, experts believe that it gets rid of bitcoins on the exchanges. And this, in turn, drops the course.
In March, the Trustee remained 166 thousand coins BTC and 168 thousand BCH. Even with the current transactions, the amount is too large. Therefore, it seems that in the future, the market will fall more than once.
Importantly, the level of resistance with the sale became higher and higher. Recall that we 36 thousand dollars per bitcoin by the end of next year.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
British exchange Crypto Facilities will start trading futures contracts on the Ethereum
At the end of April, the volume of futures trading on the Bitcoin exchanges CBOE and CME to a record level during the day, traders bought about 30 thousand contracts. Now the British marketplace for Crypto Facilities has announced...
Facebook is considering creating its own cryptocurrency. Whether to be afraid of Bitcoin?
In late April, experts from MIT Technology published an article "Let's destroy Bitcoin". It most likely scenarios of death of the main cryptocurrency. One of them is to popularize the coins with the largest social network in the w...
Brian Kelly: the stock market will rise sharply thanks to wall Street
In April, the trader and investor Brian Kelly, in April a further increase of Bitcoin and other coins in the coming years, as they are similar to the Internet in the early stages of development. For growth, there are other reasons...
Pineapple Fund donated to charitable organizations $ 55 million in bitcoins
the last year, the anonymous owner of the Fund Pineapple Fund to invest 86 million dollars to charitable organizations. He made his fortune in cryptocurrency, and said that can not spend for myself. Now, the Fund has reported tha...
The social network head of the Dash was hacked. The hacker demanded to declare bankruptcy project
last week, the head of Virgin Group Richard Branson about the appearance of fraudulent ICO and cryptocurrency companies that operate under his name. In fact the businessman never advertised the projects associated with digital mon...
How to mine: Japanese GMO doubled, Hasrat for a month and got 900 bitcoins
For some, mining is a serious business with millions of jobs. Example — GMO. In early March, the Japanese company produced about 240 bitcoin for December, January, and February. In addition, the administration promised to increase...
Not waiting for: Huawei will preinstall a Bitcoin wallet on all new smartphones
Choose cryptocurrency wallets easy. Go to the official website of the project and see a list of safe options. The task is complicated by the hackers who fake apps to steal cryptocurrency. The situation has decided to fix manual Hu...
Bitcoin fell below 9000. Expert comments
Today's top world of cryptocurrencies is painted in red color. Bitcoin fell by 6 per cent, ripple has decreased by 11, BCH and EOS — 12, and Cardano sank 15 percent. Total market capitalization fell below $ 400 billion, while the ...
Researchers Fundstrat: by the end of 2019 Bitcoin will cost 36 thousand dollars
In mid-March Whether 91 thousand dollars for one bitcoin in 2020. To the figure of the entrepreneur helped the analysis of the behavior of the coin after a previous falls. Now turn to guess came to employees of the company Tom — F...
A disciple of Warren Buffett: Bitcoin does not deserve harsh criticism
last week, investor Warren Buffett Bitcoin is "rat poison in the square." It cost supposedly formed only on the basis of the interest of investors, and the industry has become a convenient tool for charlatans. To protect the coin...
Study: 75 percent of people in the world know about cryptocurrencies
the 89 percent of the customers of Visa and Mastercard, currencies, and even 53 percent of users bought coins over the last year. According to a study Dalia Research, in the whole world of digital money know 75 respondents. While...
Official: China will develop a national standard blockchain
At the end of 2017, China is a world leader in the number of registered patents in the field of blockchain. Throughout the year, the world intellectual property organization were filed with 406 applications, of which more than hal...
Beware of fakes: developers told about Electrum wallet backup, bitcoin-stealing
Cryptocurrency scammers again intensified. In the first days of may they official Twitter account Vertcoin and asked subscribers to send bitcoins to participate in the lottery. In the attack a single user sort of bought into the R...
As mine zcash for? Profitability and characteristics of production, ZEC
the Third of may Bitmain release Antminer Z9. ASIC miner works on Equihash, so theoretically suitable for the production of zcash for other coins of this algorithm. Today will tell about the peculiarities of mining ZEC on the car...
Company Mike Novogratz has released a cryptocurrency index, along with Bloomberg
Investor Michael Novogratz last fall that are already invested in Bitcoin, and soon to otherrupen companies will follow his example. His company now along with Bloomberg launched the Bloomberg cryptocurrency Crypto Galaxy Index....
the Main feature of the zcash for protection. Operation owners private addresses are hidden in the blockchain, so learn the amounts of the transactions will not work. In this case, it is visible only to the operation time and amou...
Chinese manufacturer of ASIC miners will hold an IPO for a billion dollars
In late February, we review AvalonMiner 821. ASIC miner from China Canaan Creative is working on the SHA256 algorithm and dig BTC and BCH. Hasrat device 11 TH/s, the consumption — 1200 watts. The manufacturer wants to develop, loo...
Reddit co-founder: Bitcoin wins hyperinflation will be the "fuel" for the new Internet
last week, the Reddit co-founder Alexis Ohanian Live on 15 thousand dollars by the end of the year. The forecast looks very optimistic, because the coin is now trading at a level of 757 USD. Now, in an interview Ohanyan said that ...
Bitcoin is expensive — what happens next? Expert opinion
Today, the cryptocurrency market shows strong growth. In the green zone are almost all the coins of the first hundred of the rating CoinMarketCap. The record in the top ten was the Bitcoin Cash, which increased by 9 percent. The t...
The Winklevoss brothers received a patent for cryptocurrency exchanges
In February, the brothers Winklevoss to create a global self-regulating organisation for kriptonyte. According to the first Bitcoin billionaires, the organization will protect market participants and will give him the necessary im...
Comments (0)
This article has no comment, be the first!