Crypto market under pressure amid bitcoin tumble, Mt. Gox

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Coinbase Global,Bitcoin

The crypto market is under pressure as bitcoin (BTC-USD) prices experience a downturn following Mt. Gox's initiation of customer repayments. This development...

Bitcoin sliding after collapsed exchange Mount Gox is beginning to purportedly pay back the nearly $9 billion in Bitcoin and Bitcoin cash.Now, the crypto exchange platforms like Coinbase are falling on the news and a simple question might be, why is this happening?Well, you have 140,000 Bitcoins at this has over in Japan when they start distributing those to customers.So they sell the Bitcoin and then they buy the US dollar or whatever their local currency is.

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