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Bitcoin prices have come under fresh selling pressure today. Following a firm push higher yesterday, BTC futures have shed almost 5% from Monday’s peak. The driver behind the move is news that the failed crypto exchange Mt. Gox is beginning to offload the roughly $9 billion worth of Bitcoin held in its bankruptcy estate. Mt. Gox Crypto Moves On Watch ...
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On Monday (May 27), bitcoin (BTC) advanced by 1.35%. Reversing a 1.22% loss from Sunday (May 26), BTC ended the session at $69,365. Significantly, BTC revisited the $70,000 handle for the first time in four sessions. Lingering hopes of a September Fed interest rate cut drove buyer demand for BTC. Despite the recent services PMI and labor market data, the ...