As Bitcoin (BTC) regains poise on Tuesday to the north of $61,000, having momentarily dipped as low as the mid-$58,000s on Monday amid concerns about Mt Gox-related sell pressure, traders are hunting for top crypto gainers today that might be able to hand them quick gains.
Long bankrupt crypto exchange Mt Gox will begin repaying some 140,000 BTC to its credits next month.
This news triggered a 4.6% drop in the Bitcoin price on Monday, as investors bet that creditors would dump holdings.
But some analysts pushed back against this idea. Creditors have a decade to cash in on their holdings via selling their claims.
creditors have been stuck in mt gox bankruptcy for 10+ yrs–finally trustee says in-kind distribution of #BTC #BCH will begin in july. we think fewer coins will be distributed than people think & that it will cause less #bitcoin sell pressure than market expects
here's why
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