Bitcoin price fell below 62 thousand dollars


Lerato Khumalo

The price of the cryptocurrency Bitcoin, Mt. It fell below 62 thousand dollars after the Gox exchange announced that it would distribute the stolen assets to their owners in 2014.

According to data from analysis company Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, decreased by 4.5 percent in 24 hours, falling to 2 trillion 240 billion dollars.

Analysts say the decline in prices of Bitcoin and other cryptocurrencies is due to Mt. He states that this happened because the Gox exchange announced in 2014 that it would distribute stolen assets to their owners.

No longer operating Mt. Gox exchange is expected to distribute crypto assets worth approximately $10 billion to their owners starting next week, and it is anticipated that at least some of these assets will be sold.

Analysts state that uncertainties regarding the steps the US Federal Reserve (Fed) will take in the future also create sales pressure on crypto assets.

As of 13.20, Bitcoin, which has decreased by more than 4.6 percent in its price in the last 24 hours, fell to the level of 61 thousand 310 dollars.

Ethereum, which ranks second in terms of market value, lost nearly 5.5 percent in value in the last 24 hours, falling to the level of 3 thousand 306 dollars.