Mt. Gox creditors are now receiving payments via Kraken and Bitstamp, following the resolution of the exchange’s long-standing bankruptcy. Bitcoin’s price dipped below $64,000 but has remained stable. While BTC market volume dropped below $1.3 trillion, trading volume rose by 12%.
The release of payments has drawn significant attention, and Kraken has started processing these repayments, with new updates recently announced.
Mt. Gox Creditors Receive Payments; Bitcoin Price Shows Resilience
Mt. Gox creditors have recently received payments through both Kraken and Bitstamp exchanges. For years, the continuation of this process was uncertain, but these payments signal that the long-awaited resolution is nearing completion.
Following these payments, the focus shifted to Bitcoin’s price. On the day Kraken made payments, Bitcoin experienced a price drop below $64,000 but later showed resilience, climbing back above this level. Currently, Bitcoin is trading at $64,200, reflecting a 3.27% decline in the past 24 hours and a 0.91% decrease over the past week.
BTC Market Volume Declines, Trading Volume Increases
Bitcoin’s market volume has decreased, falling below $1.3 trillion to $1.267 trillion. Despite this decline, trading volume has risen by 12% to $35.3 billion.
This rise in trading volume could signal different investor behaviors. Some may be short-selling to limit their losses, while others might view the current dip as a buying opportunity.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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