Crypto Market at a Glance: Bitcoin Surges Above $59,000 & Ethereum Above $3,100, While Pepe Tumbles Down
Gox trustees' decision to liquidate around 150,000 BTC did not affect the market as much as anticipated. BTC Price Dropped Below $50K, ETH Close to $2,800 The cryptocurrency market faced a major sell-off over the weekend, with Bitcoin's price dropping below the $50,000 mark. This was accompanied by a drop in the price of Ethereum, which was hovering close to $2,800. Traders were taken by surprise as the market saw a sudden drop in prices across the board, with many altcoins also experiencing significant losses. This sparked concerns among investors and traders, leading to panic selling and further exacerbating the situation. BTC and ETH Prices Showing Signs of Recovery Despite the bearish market sentiment over the weekend, there is now a glimmer of hope for traders and investors. Both BTC and ETH prices are showing signs of recovery, with buyers slowly gaining momentum. This could be attributed to the Mt. Gox trustees' decision to liquidate around 150,000 BTC, which ...