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☎️ MT. GOX REIMBURSEMENT CAUSES CRYPTO VOLATILITY

☎️ MT. GOX REIMBURSEMENT CAUSES CRYPTO VOLATILITY

Day: 10 | Time: 16:13:25 The reimbursement of Mt. Gox creditors is causing immense volatility in the cryptocurrency market. So far, approximately 47,288 BTC, worth around $2.7 billion, has been transferred, but another 140,000 BTC is expected to be returned in the coming weeks. This has led to a 10% drop in the price of Bitcoin within a few hours, also causing a decline in the prices of other cryptocurrencies. However, despite the initial volatility, the market seems to have absorbed the impact, and the price of Bitcoin has shown some recovery. Furthermore, the cryptocurrency market appears to be increasingly decoupling from Bitcoin's movements, with Ether remaining above $3,000 despite market volatility.

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Source: Cointelegraph