Years ago, the largest exchange of its time, Mt. Gox, faced a major crisis after an attack and subsequently went bankrupt. Recently, there were announcements that creditors would receive payments, causing a significant stir. During this period, thousands of BTC were moved to cryptocurrency exchanges, and the date of the event was eagerly awaited. A few days ago, it was reported that the Kraken exchange had made repayments to users, but no further information was provided about the remaining process. Just minutes ago, another important announcement was made.
Mt. Gox Creditors Receive Payments
According to recent information, after the payments made to Kraken users, the Bitstamp exchange also made payments to its users. For years, the continuation of the process was unknown, and this situation once again showed that the end is approaching.
After the payment, attention turned to the Bitcoin price. Contrary to the day Kraken made the payment, BTC price showed a stronger stance.
BTC Price Update
Today, investors faced an unexpected surprise as the price fell below $64,000. Later, the price recovered slightly and rose above $64,000 again.
As of the time of writing, BTC price continues to find buyers at $64,200 after a 3.27% drop in the last 24 hours. A 7-day review shows a 0.91% price decrease.
Meanwhile, BTC’s market volume also saw a noticeable decline. BTC’s market volume fell below $1.3 trillion again and is at $1.267 trillion. Finally, the trading volume increased by 12% to $35.3 billion.
This volume increase can be interpreted in different ways. On one hand, it could be concluded that investors are short-selling to minimize their losses, while on the other hand, buyers might see this as a buying opportunity at the dip.
