Bitcoin falls under $ 60,000 in the middle of new sales pressure

• The price of Bitcoin (BTC) fell by more than 5 % and below the $ 60,000 mark.
• The course declines took place according to the news that Mt.Gox would start repayment to his creditors in July and thereby threaten a sales pressure of potentially nine billion dollars.

The Bitcoin price fell under the $ 60,000 brand after a day.

BTC reached a high of $ 71,974 on June 7, but has been in the downward trend since then. Today's declines have led to the cryptocurrency for the first time since recovery over this level in early May.

Bitcoin price falls below $ 60,000

On Monday, the news that Mt. Gox, a bankruptcy crypto, who was the victim of a severe hacker attack in 2014, was to distribute BTC worth almost $ 9 billion to believers, new sales pressure for Bitcoin.

As a hacker ten years ago thousands of bitcoins from Mtgox stole, the price of Bitcoin was around $ 40. This means that today's price is now at an astronomical level. This could lead to some recipients of the 141,000 BTC to be paid back for a profitable sale.

BTC owner who were concerned about a possible declining development, have joined the sales frenzy. The value of BTC fell under the $ 60,000 brand.

Julio Moreno, research manager at Cryptoquant, commented on the BTC price before decline to less than 60,000 US dollars observed :

"What is currently happening with the Bitcoin prices is mainly related to a lack of demand growth or dynamics on the part of dealers, whales, ETFs, etc.

The last time Bitcoin fell below $ 60,000, the low was $ 56,500, and Moreno believes This could again offer the ultimate support level.