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Bitcoin whales plan to buy BTC higher as fresh Mt. Gox payouts add to market fear
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Bitcoin (BTC) showed no sign of tackling $60,000 resistance on Nov. 23 as the specter of defunct exchange Mt. Gox returned to haunt price action.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD again reversing progress which had produced a local high above $59,500 Monday.
The return towards $55,000 came as the latest events in the Mt. Gox rehabilitation process, originally published Nov. 16, began to hit the media.
In an announcement, trustee Nobuaki Kobayashi confirmed that the plans had now become "final and binding," with the implication that the 141,000 BTC under custody would soon be distributed.
"The Rehabilitation Trustee will then make repayments to rehabilitation creditors holding allowed rehabilitation claims in
Read more on cointelegraph.comAbout this in other media
Bitcoin whales move fresh coins to exchanges in repeat of behavior before $42K BTC price dip cointelegraph.com /2 years ago
Bitcoin tumbles 5% after a weekend cryptocurrency crash brought on by investors' Omicron fears euronews.com /2 years ago
The bigger picture: What does El Salvador’s Bitcoin city mean for the global crypto market? economictimes.indiatimes.com /2 years ago
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