Mt. Gox Bitcoin movement sparks sell-off, pushing BTC below $55k


Mt. Gox very recently transferred approximately 47229 Bitcoin to another cryptocurrency wallet address. Bitcoin’s price sharply decreased over the last 24 hours, and the now defunct cryptocurrency exchange Mt. Gox moved Bitcoin worth $2.71 billion from cold storage to an address. Crypto...

Bitcoin Technical Analysis: First Drawdown of Over 25% in 14 Months


Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $55,338. Over the past 24 hours, Bitcoin’s price has ranged between $53,550 and $58,673, with a market capitalization of $1.08 trillion and...

Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users


Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player...

Ethereum and altcoins plunge as bear market takes hold


The price of Ethereum and other altcoins has dropped to levels not seen in weeks. The Bitcoin (BTC) market and other DeFi token markets likewise recorded this pessimistic forecast.  If the entire crypto space is considered, there has been an overall downfall of 4.8%, with the figure standing...

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