Mt Gox Creditors Set to Receive 138,000 Bitcoins, Raising Sell-Off Concerns
Mt Gox creditors are set to receive around 138,000 Bitcoins, triggering concerns of a sell-off rally in the market. The cumulative worth of the Bitcoins set to
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Mt Gox creditors are set to receive around 138,000 Bitcoins, triggering concerns of a sell-off rally in the market. The cumulative worth of the Bitcoins set to be unblocked is around $3 billion, and the creditors may receive an "early repayment" on March 10. Experts believe that the creditors may retain the received Bitcoins rather than sell them. However, market attention should be given to the possible selling pressure incoming. The Bitcoin price has been on a downward trend over the past 30 days due to uncertainty generated by the US SEC probes and the Silvergate crisis. Nevertheless, it is holding a market cap of around $432 billion.
