What Could be The Maximum Impact of Mt. Gox Creditors Selling Their Bitcoins?
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Mt. Gox has initiated its much-anticipated repayment process, disbursing $9 billion in BTC and BCH to creditors. This sizable payout has sparked unease in the crypto market, contributing to a decline in Bitcoin's price to $53,500. Additionally, the German government's Bitcoin sell-off has further influenced the market dynamics.
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