In a significant move, Mt. Gox has transferred $2.2 billion worth of Bitcoin, intensifying the selling pressure on the cryptocurrency. This development is of particular interest to the Mt. Gox creditors who have been waiting for over a decade for their claims to be resolved.
Over $9.4 billion worth of Bitcoin has been owed to approximately 127,000 creditors for more than ten years. The action of transferring such a large amount might affect Bitcoin's market dynamics by increasing the supply in the market.
With the transfer of a substantial amount of Bitcoin, there is a looming impact on the cryptocurrency market as such actions can contribute to fluctuations in Bitcoin's price. Investors and enthusiasts are keenly watching the developments as they unfold.
Fuente: cointelegraph.com ↗