Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash

The news of the repayments added selling pressure on bitcoin and the larger crypto market after Mt. Gox announced last month its intention to start repayments in July.Source

As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool

Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.Source

Labour Landslide Sets Up Starmer as UK Prime Minister With Unstated Crypto Plans

While the industry was not mentioned in the party’s manifesto or on the campaign trail, Labour has said it will support tokenization and a central bank digital currency.Source

Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge

Traders previously warned of the bearish market reaction to Mt. Gox’s bitcoin repayments.Source

Bitcoin Slumps Below $54K as Mt. Gox Moves $2.6B in BTC

BTC slides to lowest since late February, breaching key price support.Source

Crypto for Advisors: Is Crypto Too Volatile?

Bitcoin’s volatility is expected to continue declining with every halving. The next one, scheduled for 2028, will render bitcoin four times as scarce as gold. Increasing retail and institutional adoption of this technology is also bound to decrease volatility structurally over time.Source

Bitcoin Nosedives Under $58K Amid Mt. Gox, German Government Wallet Movements

A wallet belonging to a German official entity moved its largest stash of BTC to exchanges earlier today, while Mt. Gox wallets showed activity for the first time in a month.Source

Bitcoin Drops Below 200-Day Average, Brings Bull Market Trendline Into Focus

Markets that consistently trade below the 200-day SMA are said to be in a downtrend.Source

Decoding The $7B Decline in Bitcoin’s Notional Open Interest

The decline in notional open interest masks bullish undercurrents.Source

Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst

Selling pressure from Bitcoin Cash (BCH) and lack of liquidity is the story to watch once Mt. Gox begins redemptions, writes Presto Research.Source