Here’s Why the Bitcoin Price May Crash Toward $40K

Quick Summary:

Gox is set to distribute around $9 billion worth of bitcoin and bitcoin cash repayments starting in July.

In a recent strategy session, Aaron from Altcoin Daily analyzed that Wall Street investors are actively working to reduce Bitcoin’s price.

However, the launch of Bitcoin ETFs, including those from major players like BlackRock, is seen as a double-edged sword.

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Article Details

Author / Journalist: Debashree Patra

Category: Crypto

Markets: United States

Topics: Bitcoin News Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-01 @ 09:43:04 (5 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 439 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 21440229

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 8 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 14 hours ago

Coverage Areas: United States

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