Aug 02, 2024
Bitcoin and Alt Coin Hodlers Hold Their Breath as 140,000 BTC from Mt. Gox Settlement Flow into the Market
For OG Bitcoiners, the Mt. Gox distro signifies more than a possible market catalyst. It's the closing of one of crypto’s darkest chapters when Bitcoin’s future was at its most vulnerable. This influx of Bitcoin, valued at over $9 billion at current prices, represents a significant injection of liquidity into the market and has sparked intense speculation about its possible impact on Bitcoin's price and the broader cryptocurrency market.