Cryptocurrency price on July 24: Bitcoin falls below $66,000; Avalanche, Dogecoin drop up to 4%
Cryptocurrency markets traded in the red on Wednesday, dragged by Bitcoin, Ethereum, Solana, and Dogecoin. Meanwhile, the global cryptocurrency market cap declined by 0.64% to around $2.39 trillion in the last 24 hours.
At 12:35 pm IST, Bitcoin (BTC) was trading 1% lower at $65,906, while Ethereum fell 0.25% to $3,439 after Ether ETFs debut on Tuesday.
«Bitcoin (BTC) fell below the $66,000 mark following the news that creditors of the now-defunct exchange Mt. Gox have begun receiving their BTC through the U.S. based exchange Kraken,» said CoinSwitch Markets Desk.
After a nine-year wait, multiple creditors have reportedly received their BTC, with the total distributed amounting to an impressive $9 billion in BTC and Bitcoin Cash (BCH), CoinSwitch added.
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Edul Patel, CEO of Mudrex, said, «Bitcoin witnessed considerable volatility in the past 24 hours as prices dipped below the $66,000 mark. This is accompanied by Mt. Gox moving significant amounts of Bitcoin between wallets. The
