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© Reuters Mt. Gox unleashes $320 million in liquidations, but Bitcoin returns to $29,000
Bitcoin (BTC) returned to a known range today as panic over alleged Mt. Gox and US government trades eased.
Hourly chart of (Bitstamp). Source: TradingView
Turbulent price action keeps traders alert
Data from Cointelegraph Markets Pro and TradingView report that BTC/USD is trading near $29,000 on Bitstamp, with a nearly $2,000 higher than the previous day’s low.
The volatility kicked in after Wall Street opened, as the bulls’ attempt to reach $30,000 was abruptly halted by fears that BTC from US government-controlled wallets and bodies related to the failed Mt exchange Gox were on the move.
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