Bitcoin price dropped from around $67,000 to $66,300 at the time of writing. This was due to the latest announcement regarding MtGox. Kraken exchange has largely completed the refunds, but it is not the last exchange to do so. What does the latest announcement mean?
Why Is Bitcoin Dropping?
Bitcoin price fell to $66,300. This was due to an announcement made by Bitstamp. According to the exchange’s statement, they have received the assets and will complete the refunds soon. A separate announcement will be made when the refund is completed. Another source stated that the refunds will be made on July 25.
“We are pleased to announce that we have received the Mt. Gox assets. We are diligently working to distribute these to Bitstamp customers who are creditors of Mt. Gox. Please wait about a week for security checks. We will inform you once the transfer is complete. Thank you for your patience and trust.
There will be a separate distribution plan for residents in the United Kingdom. Rest assured that we will keep you informed about the process and ensure you receive your assets as soon as possible.”
