Today, Bitcoin has seen some important developments:
1. Recovery of dues from Mt. Gox: Mt. Gox will begin repaying debt to investors at the beginning of July 2024. About 140,000 Bitcoin will be distributed, which may increase selling pressure on the market. This led to the price of Bitcoin falling to around $60,300 in recent days.
2. German government moves: The German government transferred $95 million of confiscated Bitcoin to exchanges, indicating the possibility of selling part of its huge Bitcoin reserves. This move raised concerns about possible negative effects on the market price of Bitcoin.
3. Market trends: Bitcoin ETFs saw significant inflows, with the highest daily inflow in a month recorded at $129 million, which is a positive sign as the historically positive July season for the Bitcoin market approaches.
With these developments, investors are cautiously watching the impact of these factors on Bitcoin prices in the coming weeks.
