Bitcoin Price Craters Under Heavy GBTC Selling: Mt Gox Sales Next? When Will Relief Come?

The price of bitcoin plunged below the key psychological level of $40,000 over the weekend, reaching a 7-week low of $39,440 on Saturday. The flagship cryptocurrency is down nearly 20% from its 2024 high of $48,500 hit earlier in January, as bears have wrested control of the market from increasingly weary bulls…