Mt. Gox’s $9B overhang could ‘spook the market,’ pressure Bitcoin: K33

“Mt. Gox coins could become a relevant negative price contributor in the next weeks,” say K33 Research analysts.

The potential return of more than $9 billion worth of Mt. Gox-era Bitcoin (BTC) over the next few weeks might “spook the market” and put negative price pressure on Bitcoin, according to K33 Research analysts. 

Earlier this week on Reddit, some creditors of the failed Mt. Gox crypto exchange reported seeing updates on their claims, with many interpreting it to mean that crypto payments could soon be coming.

The updates included how much cryptocurrency and fiat were owed to creditors as well as completed repayment dates.

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