Bitcoin Cash Price Slides 5% on Escalating Mt. Gox Creditors Kraken Withdrawals

Quick Summary:

The Bitcoin Cash price experienced increased selling pressure, sliding 5% following withdrawals after the successful distribution of BCH and BTC from Mt.Gox on Kraken.

Overall, the technical indicators suggest the price of BCH may break to the upside only if there is a positive and significant change in the BCH buy pressure.Mt.

On the flip side, if bears prevail, decent support exists around $360 and $300, where the price has bounced off multiple times.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaUkraine

Topics: KRAKEN Creditors Withdrawals Latest News News BITCOIN CASH BCH Escalating Price Slides 5% Mt. Gox

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 23:58:33 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21766878

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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