(Bloomberg) -- Bitcoin skidded anew on concerns about possible sales of the token by creditors of the failed Mt. Gox exchange, fueling doubts about the...
-- Bitcoin skidded anew on concerns about possible sales of the token by creditors of the failed Mt. Gox exchange, fueling doubts about the remaining impetus in a crypto bull run that began last year.Boeing to Plead Guilty to Fraud for Violating Deal Over 737 Max CrashesThe largest digital asset slid as much as 5.2% on Monday before reversing the wobble to trade up 1% at $57,850 as of 10:04 a.m. in London, some $16,000 below March’s record high.
The Mt. Gox dispersal is unlikely to lead to mass selling by creditors but the longer Bitcoin spends below $60,000, the bigger the odds of a further price correction, said Hayden Hughes, head of crypto investments at family office Evergreen Growth in Singapore.The options market suggests some investors view the Bitcoin dip as temporary: the highest concentration of bullish wagers is around a strike price of $100,000, according to data from Deribit.
Mark O'Hare became a billionaire after BlackRock acquired his data company. Now he's turning his employees into millionaires. "Two years ago, workers who lost their jobs could simply walk across the street to find new work. That has become increasingly difficult," BCA said. On Wall Street bearish investors are out of favor—but there’s mounting evidence they are right about the stock market outlook
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