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Expected Return of $9 Billion in Mt. Gox-era Bitcoin Could Cause Market Concern

Expected Return of $9 Billion in Mt. Gox-era Bitcoin Could Cause Market Concern


K33 Research analysts warn that the potential return of over $9 billion worth of Mt. Gox-era Bitcoin could unsettle the market and exert negative price pressure on Bitcoin. Creditors of the now-defunct Mt. Gox crypto exchange have shared updates on their claims, indicating that Bitcoin repayments could begin as early as next month. The sheer quantity of Bitcoin involved could create an “overhang” and potentially impact Bitcoin’s price in the coming weeks. (Read More)

Cryptocurrency Keeps Rising Its Value

Cryptocurrency is stepping hard into the worldwide economy as its price keeps growing intensively. Bitcoin has tripled its value since December 2019. It was groundbreaking news when Bitcoin spiked, last November, to its highest price since 2017 reaching a record breaking €15,019. But after a week of cryptocurrency mania, its price plunged. Massive media explained …

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Cryptocurrency In India: What Can We Expect In The Future?

Cryptocurrency still remains beyond any regulation in the country; however, government authorities have started promoting transparency regarding crypto transactions Indian investors are waiting in anticipation for the official verdict on cryptocurrency exchanges in the country. Even though El Salvador has embraced the digital revolution in currency, India is still mulling over the issue. Last week, …

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Cryptocurrency: Bitcoin, Ethereum, Cardano, Dogecoin Witness Minor Slumps

Cryptocurrency has risen and Bitcoin specially has improved in terms of exchange value this week, despite the recent marginal slip. Bitcoin price in India dropped marginally by 0.15 percent on Friday, September 24, a day after witnessing a hike. The world’s largest valued cryptocurrency is currently trading at $47,243.04 (roughly Rs. 34,84,000). Despite today’s marginal …

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Cryptocurrency prices today: Bitcoin rebounds amid volatility, Ether falls

Cryptocurrency prices remained mixed on Friday as volatility impacted valuations over the past 24 hours. Experts believe that Bitcoin’s rebound could provide a boost to the virtual coin market over the next few days. Check the latest cryptocurrency trends and prices. Cryptocurrency prices were mixed on Friday as volatility impacted gains over the past 24 …

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