Bitcoin’s crabwalk could extend into September, as Mt. Gox and the US government threaten to add nearly $15 billion worth of additional selling pressure.
Bitcoin’s sluggish momentum could carry over into September, as Mt. Gox and the United States Government could introduce nearly $15 billion worth of additional selling pressure.
Over $14.8 billion worth of Bitcoin (BTC) could soon flood the market and put more downward pressure on price.
The US government holds over 203,000 Bitcoin worth $12.1 billion, while defunct crypto exchange Mt. Gox is set to distribute another 46,000 Bitcoin worth over $2.7 billion.
