Bitcoin

Coin

<ul class="news-points">
 <li>Bitcoin surged past $58k despite its recent decline to the $57k level.</li>
 <li>Mt. Gox’s customer repayment and German government’s BTC sell-off triggered the BTC dip.</li>
 <li>Altcoins like BAKE, OP, W, ARB, and CRV have also reflected on Bitcoin’s positive sentiment.</li>
</ul>
In a recent development in the crypto ecosystem, Bitcoin has recovered from the market turmoil, surging past the $58k mark. Bitcoin’s resurgence aligned with the market’s overall positive momentum.
Over the past few days, <a href="https://coinedition.com/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> has been riding over a negative track with BTC even slipping below the $55k level. Especially following Mt. Gox’s customer repayments and German government’s massive Bitcoin sell-off, BTC price was under pressure, contributing to an overarching bearish sentiment.
The German government has garnered attention over the past few days with its continuous <a href="https://coinedition.com/liquidations-government-dumps-and-mt-gox-transfers-how-much-more/" target="_blank" rel="noopener noreferrer nofollow">BTC transfers</a>. Since last week, the government has sold more than 500 BTC. Even in the early hours of Sunday, the authority <a href="https://coinedition.com/german-government-sells-700-btc-halts-bitcoins-rebound/" target="_blank" rel="noopener noreferrer nofollow">moved</a> 700 BTC, worth about $40.55 million to the unmarked address 139PoP…H7ybVu, halting the recent rebound of Bitcoin.
The defunct crypto exchange <a href="https://coinedition.com/bitcoin-fear-greed-index-why-mt-gox-and-government-sales-are-spooking-investors/" target="_blank" rel="noopener noreferrer nofollow">Mt. Gox</a> has recently initiated its customer repa…
The post <a href="https://coinedition.com/will-bitcoins-bearish-trend-continue-or-recent-rebound-persist/" rel="noopener noreferrer nofollow">Will Bitcoin’s Bearish Trend Continue or Recent Rebound Persist?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Will Bitcoin’s Bearish Trend Continue or Recent Rebound Persist?

Coin Edition

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