The post Bitcoin Struck in a Zone, What Will Happen Next? appeared first on Coinpedia Fintech News
The last few weeks have been a rollercoaster ride for Bitcoin Investors and traders. It has been very hard to say if BTC will rise or plummet. In this whole confusion state, investors lost millions in trades. However, bitcoin whales have been accumulating. It has been a full month since Bitcoin last touched the $70k mark. Let’s understand what has been happening in the market.
Fear of MT. Gox sell off
One of the biggest fears of the market has been the sell off by Mt. Gox creditors. Though Mt. Gox has transferred most of the funds to the collaborating crypto exchanges, not all creditors have received them yet. The market has a fear that these creditors once received the funds, will sell off, triggering a negative motion in the market. This fear has been holding the Bitcoin under $60,000 for a month.
Governments triggering Fear
First the German government dumped their 50,000
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