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Tension Created by Mt. Gox Puts Pressure on Crypto Markets

rtonline - 2024-07-04 23:49:18

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Mt. Gox will begin paying 142,000 BTC worth approximately $9 billion to its creditors starting in July, and many investors believe creditors may sell, which puts pressure on crypto markets. And it looks like the pressure will continue for a while. Many cryptocurrencies, especially Bitcoin, have fallen sharply. I think these declines will not last long, so I believe the current declines are an opportunity for me. And I think that many of them, especially Bitcoin and STEEM, will regain what they lost in the coming months. We'll wait and see.