IMG-LOGO

Bitcoin (BTC) News Today: BTC Dips Amid Mt. Gox Transfers and ETF Outflows

lightyagami02 - 2024-07-25 04:50:42

Today, Bitcoin (BTC) is experiencing market fluctuations influenced by recent Mt. Gox-related events and ETF market trends. On July 24, BTC dropped 0.75% to $65,398, with concerns about the impact of Mt. Gox's recent transfer of over 2,800 BTC to new wallets. There is uncertainty regarding whether creditors will sell their assets, potentially affecting supply and demand. Additionally, the US BTC-spot ETF market saw net outflows, reflecting investor caution. The market remains volatile, with possible resistance levels at $69,000 and support around $64,000​.