Bitcoin Drops 10%+ Instantly as Greece Strikes Deal

Bitcoin Drops 10%+ Instantly as Greece Strikes Deal

Bitcoin promptly lost over 10% of its value in minutes Monday morning as news of a Greek bailout deal surfaced. The latest financial aid package, agreed after over 17 hours of talks between Athens and its creditors, will see Greece adhere to strict financial reforms. In a post-talks conference, Eurogroup President Jeroen Dijsselbloem praised what he called Greece’s “constructive position,” while German president Angela Merkel said she thought that “trust could be regained” between Greece’s partners. Trust, however, which will be backed up by Greece’s surrendering 50 billion euros of public....


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