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

Bitcoin plummeted under $58,000, recording a 5% loss in 24 hours amid Mt. Gox wallet activities, signaling potential asset distributions and increased selling pressure.
German government's $50 million move to crypto exchanges contributed to the price drop as per Metalpha's Lucy Hu, hinting at sell speculation in the market.
Read at Coindesk
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