Factors Why Mt.Gox’s Impending $3 Billion Bitcoin Settlement May Not Cause a Sell-off

The post Factors Why Mt.Gox’s Impending $3 Billion Bitcoin Settlement May Not Cause a Sell-off appeared first on Coinpedia Fintech News In the previous week alone, Bitcoin declined by more […]

The post Factors Why Mt.Gox’s Impending $3 Billion Bitcoin Settlement May Not Cause a Sell-off appeared first on Coinpedia Fintech News
In the previous week alone, Bitcoin declined by more than 5% as traders anticipated potential effects on the cryptocurrency market from the Mt.Gox exchange’s impending creditor payouts. The fact that the Mt. Gox liquidator has chosen to finish paying creditors by September of this year is one factor weighing down on Bitcoin. If creditors of …