Cryptocurrency Markets Face Risk of Sharp Downside in July from Mt. Gox Creditors
According to JPMorgan, cryptocurrency markets face downside risk due to potential selling pressure from Mt. Gox creditors in July. Creditors are expected to receive 142,000 bitcoins, and some fear they will immediately sell their tokens upon receipt, the report said.
The bank predicts that cryptocurrency markets should rebound in August after this intense selling period.
