The price of Bitcoin saw a sharp drop due to allegations of BTC transfers related to the US and Mt Gox.
- The price of Bitcoin was shaken by allegations of transfers related to the US government and Mt Gox.
- Despite the news, Bitcoin quickly recovered and rose above 28,000 dollars.
The price of Bitcoin saw a sharp drop due to allegations of BTC transfers related to the US and Mt Gox.
Why is the Price of Bitcoin (BTC) Falling?
When it was revealed that American bank First Republic Bank was having problems, the price of Bitcoin reacted positively and rose rapidly to 30,000 dollars. FRC shares fell more than 29% today, dropping to 5.69 dollars.
Today, it was alleged that transfers related to Bitcoin, involving Mt Gox and the US government, had taken place. However, the BTC drop had already started before this allegation. Although investors attributed the drop to this, the news was later denied.