Bitstamp Started Distributing Mt. Gox Bitcoins
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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.
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.
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