3/7/18: Short-Term Market Talk

Under 10,000 USD Again

Here we are back under the psychological barrier zone at 10,000. This around it looks like we had quite a bit of heavy selling during the mid-day U.S. time period, followed by some recovery on low volume.

New Developments

• Mt. Gox's Nobuaki Kobayashi disclosed that he sold about $400 million of Bitcoin and Bitcoin Cash since late September (approximately 35,000 BTC), and has another $1.9 billion to offload (approximately 165,000 BTC as of the time of this writing). More on that here.

How did you make out today? Worried about these developments? Comment below!