Bitcoin Dips to $56,952 as Market Reacts to Mt Gox and German BTC Moves
On Thursday, July 4, 2024, the price of bitcoin fell below $57,000, reaching a low of $56,952 at 5:20 a.m. EDT. There is widespread speculation about the Mt Gox distribution…
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Mt. Gox activates Bitcoin wallets, makes small transfers to chosen exchange for repayments
Mt. Gox's recent Bitcoin transfers signal the impending start of long-awaited creditor repayments, potentially impacting market liquidity. The post Mt. Gox activates Bitcoin wallets, makes small transfers to chosen exchange…
Top Bitcoin Price Predictions: Can BTC Reach $150,000 This Year?
TL;DR Bitcoin (BTC) hit an all-time high of over $73,000 in mid-March 2024, with predictions it could reach $150,000 by year-end. Analysts see potential for a BTC rally if it…
Galaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt Market
After a decade-long wait, creditors of the defunct Mt Gox exchange are set to receive in-kind distributions of bitcoin and bitcoin cash starting in July. The head of research from…
Mt. Gox to begin $9 billion repayment plan in July
Mt. Gox's rehabilitation trustee has announced plans to begin Bitcoin and Bitcoin Cash repayments to creditors in July. The post Mt. Gox to begin $9 billion repayment plan in July…
BTC Tanks to $61K as Long-Awaited Mt. Gox Repayments to Begin in July
On June 24, the Mt. Gox rehabilitation trustee issued a letter regarding repayments to creditors commencing at the beginning of July 2024. “The Rehabilitation Trustee has been preparing to make…
Mt Gox to Start Distributing $9 Billion in Bitcoin to Creditors in July After Decade-Long Wait
On Monday, June 24, 2024, the Mt Gox bankruptcy trustee declared that reimbursements are slated to commence at the start of July. The trustee explained that disbursements will be made…
Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery
Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both…
Mt. Gox Bitcoin Moves Will Cause No Immediate Selling Pressure: CryptoQuant
Analysts from the market intelligence platform CryptoQuant say the recent bitcoin (BTC) moves by the defunct crypto exchange Mt. Gox are no cause for alarm and would cause no immediate…
South Korean Bitcoin Premium Rises to 2.23% Amid Market Volatility
This week, bitcoin’s price briefly exceeded $70,000 per coin before declining after the movement of Mt Gox bitcoins, yet the premium for bitcoin in South Korea has significantly increased. Having…
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