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Bitstamp Started Distributing Mt. Gox Bitcoins

25.07.2024 15:23 1 min. read Alexander Stefanov
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Bitstamp Started Distributing Mt. Gox Bitcoins

After Kraken finished distributing Bitcoin and Bitcoin Cash tokens to Mt. Gox creditors, another exchange has started the distribution process.

Bitstamp has officially started distributing crypto coins to Mt. Gox creditors.

This could be another sell-off event that could put additional preassure to Bitcoin’s price and extend the downturn.

At the time of writing Bitcoin is trading at $64,250 after a 3.25% decline in the past 24 hours and has a trading volume of around $35.3 billion.

READ MORE:

Mt. Gox Didn’t Cause Bitcoin to Dip – Here is What Did

The whole cryptocurrency market lost 4.34% in the past 24 hours, dropping to $2.31 trillion, following the massive stock market crash that liquidated over $1 trillion.

This stock market crash has been the worst 1-day drop since 2022 and the market optimism is waning.

Alexander Stefanov
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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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