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As seen in the chart above, Bitcoin price feel to 50-day low of $58,500 on Monday June 24. But since then, bulls sprung into action to stage a 5.4% rebound
Bitcoin price dropped to a 50-day low of $58,500 on June 24 as a result of sell-offs by Mt. Gox creditors. However, bulls quickly drove the price up by 5.4% to reclaim the $65,000 territory by June 30.
Meanwhile, German authorities transferred $24 million in BTC to Kraken and Coinbase, possibly indicating an impending sell-off. The potential impact on the market is expected to be minimal due to the small amount involved.
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