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Benzinga
  • 2 years ago
Bitcoin dropped to around $59,000 during early Asian trading hours after being stable at around $61,000. BTC is down 2% over the past 24 hours and 6% over the past week. Ether has not seen the same pricing pressure and is up over the past week. Sell pressure on BTC has increased due to upcoming Mt Gox bankruptcy redemptions and miner selling. Bitcoin ETFs saw $174 million in outflows as the NY market closed on Monday.
Transcript
00:00It's Benzinga and here's what's on the block.
00:02Bitcoin briefly dropped to around $59,000 during early Asian trading hours after being stable
00:08around $61,000. Bitcoin is down 2% over the past 24 hours and 6% over the past week.
00:15Ether has not seen the same pricing pressure and is up over the past week.
00:19Sell pressure on Bitcoin has increased due to upcoming Mt. Gox bankruptcy redemptions
00:24and minor selling.
00:25Bitcoin ETF saw $174 million in outflows as the New York market closed on Monday.
00:31For all things money, visit Benzinga.com
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