Kraken’s $3 Billion Bitcoin Distribution to Mt. Gox Creditors 🚀
Kraken has started distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to Mt. Gox creditors, ending a decade-long wait for many. Over $3 billion in Bitcoin is being paid out, with numerous users reporting receiving their funds.
Bitcoin (BTC) Stays Strong 💪
Despite concerns, Bitcoin's price has remained stable, trading at $65,804.18. This stability suggests that the market had already anticipated the impact, demonstrating the resilience and maturity of the cryptocurrency ecosystem.
Bitcoin Cash (BCH) Takes a Hit 📉
Conversely, Bitcoin Cash has dropped significantly, losing over 7% in the past 24 hours. This highlights the liquidity challenges faced by BCH during large distributions.
These repayments mark a significant milestone, providing closure to Mt. Gox creditors and showcasing the evolution of the crypto industry.
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