Bitcoin: Decoding if another black swan event is due
— Exchange, Event, Crypto, Decoding, Bitcoin, Volume, Swan, Black, Market — 1 min read
Global crypto market capitalization on 11 July stood at $914.71 billion with a decline of 3.6% over the last day. Total crypto market volume was $55.15 billion with 2.25% decrease in the last 24 hours. Mt. Gox posted an update on its website intending to pay its creditors. The Tokyo-based crypto exchange was the world’s largest Bitcoin exchange in 2014 before it lost 850,000 BTC. The implosion sent shockwaves across the crypto ecosystem which was still in its infancy. In 2018, in 2018, Mr Gox sold about $260 million which led to a multi-year bear run. During this bear market, the price of BTC dropped to $3,000 Source