Bitcoin Depot Disables Bitcoin ATM Network Amid Bankruptcy

BTC

BTC/USDT

$79,810.10

+0.23%

$79,810.10

+0.23%

(24s)

24h Volume

$7,073,821,200.98

24h H/L

$80,200.00 / $79,577.00

Change: $623.00 (0.78%)

Long/Short

53.0%

Long: 53.0%Short: 47.0%

Funding Rate

+0.0018%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,810.00

▼ -0.03%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,260.41

Resistance 1$79,878.00

Price$79,810.00

Support 1$79,635.96

Support 2$77,546.36

Support 3$73,033.65

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.7

Cointelegraph Staff

(02:26 PM UTC)

1 min read

Approved byJames Mitchell

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Bitcoin Depot, one of the largest Bitcoin ATM operators in the US, filed for Chapter 11 bankruptcy protection as the company moved to wind down operations and sell its assets.

In a Monday announcement, Atlanta-based Bitcoin Depot said it started voluntary Chapter 11 proceedings in the US Bankruptcy Court for the Southern District of Texas, citing mounting regulatory pressure and financial strain.

CE…