Bitcoin (BTC) has experienced a sharp decline, dropping over 16% since reaching its all-time high of more than $73,000 in March 2024. Currently trading below $62,000, Bitcoin’s daily Relative Strength Index (RSI) has hit oversold territory, a condition that has previously led to significant price surges of 60%, 63%, and […]
Tag: Mt. Gox
Mt. Gox Trustee Extends Repayment Deadline Amidst Ongoing Saga But There’s A Catch
The trustee responsible for handling the bankruptcy of Mt. Gox, Nobuaki Kobayashi, has recently announced a significant extension of the repayment deadline for creditors of the now-defunct cryptocurrency exchange. This move, approved by the Tokyo District Court, pushes the deadline from October 31, 2023, to October 31, 2024. Twofold Rationale […]
Bitcoin Price Watch: Is $6,500 Imminent?
At press time, bitcoin is trading for just shy of $6,400. While it’s good news that the currency hasn’t dropped any further than it already has, it’s disappointing to see bitcoin stay where it’s been over the past few days and refuse to budge. Well, this may be about to […]
Bitcoin Price Watch: Currency Sinks By $100
At press time, bitcoin has sunk to $6,200, and is trading for approximately $100 less than where it stood during yesterday’s afternoon hours. It appears the bears have not given up the reins just yet, and we still have a lot of catching up to do. Financial analyst Spencer Bogart […]