$170 Billion Selloff in Cryptocurrencies Friday as Mt. Gox Payout Looms

Summary:

  1. The cryptocurrency market lost over $170 billion in a day due to the impending $9 billion Mt. Gox payout.
  2. This led to significant liquidations, including $540 million in long trades, and the German government selling 3,000 seized bitcoins.
  3. Despite the market slump, experts still predict potential growth, with bitcoin possibly reaching $150,000.

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