Bitcoin price dropped to $58,467 due to Mt Gox fears and USDT outflows

From Investing.com

August 15, 2024 02:01 AM:

Bitcoin price fell 4% to $58,467 amid Mt Gox concerns and USDT outflows suggesting more weakness. Mt Gox wallet test transactions spark fear of selling pressure and potential token distributions worth $9 billion. Altcoins dipped as CPI data failed to buoy market, with meme token also falling. Markets bracing for Fed interest rate decision.

Read more at Investing.com: down to $58k as Mt Gox fears offset CPI cheer By Investing.com