Mt. Gox

Here’s Why $9,000,0000,000 in Mt. Gox Repayments May Not Impact Price of Bitcoin Much, According to Galaxy Executive

July 1, 2024 The Daily Hodl

Bitcoin

The head of research at crypto financial services firm Galaxy is allaying fears that the highly anticipated Mt.Gox repayments could trigger the collapse of Bitcoin (BTC). In a new interview on the Unchained Podcast YouTube channel, Alex Thorn says that the defunct crypto exchange Mt.Gox is slated to repay creditors about 142,000 BTC worth nearly […]

The post Here’s Why $9,000,0000,000 in Mt. Gox Repayments May Not Impact Price of Bitcoin Much, According to Galaxy Executive appeared first on The Daily Hodl.

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Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

3 things that can spoil a potentially bullish July for Bitcoin

June 30, 2024 Coin Telegraph

Bitcoin

BTC price is likely to face headwinds in July from Mt. Gox repayments that could result in a "bull pennant" breakdown on the charts.

Bitcoin (BTC) teeters on the edge of closing June with a monthly loss and clinging to the critical $60,000 support level.

Unfortunately for the bulls, the BTC/USD pair might be headed for rougher waters with a series of bearish indicators pointing towards increased selling pressure in July.

One of the most significant bearish events in the cryptocurrency market in June was related to the long-awaited Mt. Gox repayments.

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Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

Galaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt Market

June 25, 2024 Bitcoin.com

Alex Thorn

After a decade-long wait, creditors of the defunct Mt Gox exchange are set to receive in-kind distributions of bitcoin and bitcoin cash starting in July. The head of research from Galaxy Digital predicts the market impact of these distributions will be less severe than anticipated. Long-Term Bitcoin Holders Likely to Retain Mt Gox Bitcoin Distributions […]

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Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

$313,090,000 in Liquidations Hits Crypto Markets As Bitcoin Touches $59,000 Following Mt. Gox Statement

June 24, 2024 The Daily Hodl

Bitcoin

A correction in Bitcoin (BTC) and crypto markets is deepening after news that former crypto exchange Mt. Gox is following through with a plan to distribute roughly $9 billion worth of digital assets. According to crypto data aggregator Coinglass, over $313 million in positions have been liquidated in the last 24 hours, mostly traders long […]

The post $313,090,000 in Liquidations Hits Crypto Markets As Bitcoin Touches $59,000 Following Mt. Gox Statement appeared first on The Daily Hodl.

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Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

Mt. Gox to begin $9 billion repayment plan in July

June 24, 2024 The Crypto Briefing

Bitcoin

Mt. Gox's rehabilitation trustee has announced plans to begin Bitcoin and Bitcoin Cash repayments to creditors in July.

The post Mt. Gox to begin $9 billion repayment plan in July appeared first on Crypto Briefing.

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Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

Mt Gox to Start Distributing $9 Billion in Bitcoin to Creditors in July After Decade-Long Wait

June 24, 2024 Bitcoin.com

bankruptcy trustee

On Monday, June 24, 2024, the Mt Gox bankruptcy trustee declared that reimbursements are slated to commence at the start of July. The trustee explained that disbursements will be made in bitcoin and bitcoin cash and sent to designated exchanges. After Ten Years, Mt Gox Trustee Announces July Start for Repayments Approximately $9 billion worth […]

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Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

Report: Speculation Returns as Bitcoin Market Shows Signs of Recovery

June 9, 2024 Bitcoin.com

Bitcoin

Glassnode’s latest onchain analysis reveals a resurgence in speculative activity in the bitcoin (BTC) market after months of stagnation. This shift marks a potential change in market sentiment, with both short and long-term holders displaying increased engagement. Mt Gox Preparations Spark New Wave of Bitcoin Speculation Analysts at Glassnode reported the reappearance of speculative behavior […]

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Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

Bitcoin Corrects As $9,666,000,000 Worth of Mt. Gox Coins Suddenly Start Moving

May 28, 2024 The Daily Hodl

Bitcoin

Bitcoin touched the $67,409 level early Tuesday on news that former crypto exchange Mt. Gox rearranged nearly $10 billion in BTC. Mt. Gox was at one point the world’s largest Bitcoin exchange before abruptly going bankrupt and “losing” most of its coins due to theft. The exchange ultimately recovered most of its coins and has […]

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Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

South Korean Bitcoin Premium Rises to 2.23% Amid Market Volatility

May 28, 2024 Bitcoin.com

Bitcoin

This week, bitcoin’s price briefly exceeded $70,000 per coin before declining after the movement of Mt Gox bitcoins, yet the premium for bitcoin in South Korea has significantly increased. Having fallen below the 1% range, the premium on South Korean exchanges has now climbed to 2.23%. Bitcoin Premium in South Korea Grows Bitcoin (BTC) saw […]

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Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity

Mt Gox Moves 141,686 BTC to Three Addresses, Consolidates 142,846 BCH

May 28, 2024 Bitcoin.com

BCH

Based on onchain metrics, the Mt Gox funds, once consolidated into a single address holding over $9.6 billion in bitcoin, have now been distributed to three separate addresses as of Tuesday morning. Mt Gox Funds Redistribution An examination of the onchain transfers from the Mt Gox bitcoin cache reveals that the funds have been allocated […]

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Bitcoin Technical Analysis: BTC Flirts With $100K as Market Awaits Directional Clarity