Greed

Bitcoin

Coin

<ul class="news-points"> 
 <li>After failing to retain $57K, Bitcoin crashed 4.6%, dropping to $55K.</li> 
 <li>The market is in “Fear,” as indicated by the Fear and Greed Index’s value of 28.</li> 
 <li>Mt. Gox repayments and the German government’s BTC sell-off have led to the crash.</li> 
</ul> 
Bitcoin’s recent <a href="https://coinedition.com/german-government-sells-700-btc-halts-bitcoins-rebound/">recovery faltered</a> over the weekend, with the cryptocurrency’s price dropping 4.6% in 24 hours and 12.83% over the past week. The broader altcoin market followed suit, adding to the sense of fear reflected in the crypto Fear and Greed Index. 
The Fear and Greed Index <a href="https://alternative.me/crypto/fear-and-greed-index/" target="_blank" rel="nofollow">stood at 28</a>, indicating a state of fear in the market following Bitcoin’s 12.83% decline over the past seven days. According to CoinMarketCap data, the top cryptocurrency currently trades at $55,207, boasting a market capitalization of $1.088 trillion and a 22.73% increase in trading volume to $25.1 billion. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"> After a brief bounce to get trader hopes up, crypto has again shown retraces to bring fear back on the menus as the weekend comes to a close. Bitcoin is -2.3% in the past 24 hours, -8.6% in the past week, and -18.4% in the past month. Most altcoins have shown far larger dips. <a href="https://t.co/OmWAJr9Rhr" target="_blank" rel="nofollow">pic.twitter.com/OmWAJr9Rhr</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1810086863828598999?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 7, 202…</a>
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The post <a href="https://coinedition.com/bitcoins-weekend-woes-mt-gox-creditors-prepare-to-cash-out-german-government-sells/">Bitcoin’s Weekend Woes: Mt. Gox Creditors Prepare to Cash Out, German Government Sells</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin’s Weekend Woes: Mt. Gox Creditors Prepare to Cash Out, German Government Sells

Coin Edition

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