📉 Bitcoin price drops to $114,000
- What happened?
* Galaxy Digital sold 80,000 Bitcoins from the Satoshi era on behalf of one of its clients.
* More than 30,000 Bitcoins were sold on July 25, leading to a drop in Bitcoin price to $114,000.
* On July 26, Galaxy clarified that the sale was mandatory, not a sale from their side.
* With the selling pressure gone, the Bitcoin price began to recover rapidly.