According to ChainCatcher, Bitbank, a cryptocurrency exchange that provides support for Mt.Gox compensation, said it expects changes in Mt.Gox's wallet balance to have little impact on the market.
Yuya Hasegawa, crypto market analyst at Bitbank, said: "When the Mt. Gox trustee officially announced that they had started repayments, Bitcoin was already fluctuating around $54,000. After the announcement, the price of Bitcoin rebounded and briefly returned to $58,000 last weekend."
"The market had already overpriced in the impact of Mt. Gox before it started paying, and then reacted to the (U.S.) jobs report last Friday, which was released after Mt. Gox started paying," Hasegawa said, adding, "This suggests that market concerns about the Mt. Gox repayment are starting to wane, and their focus is shifting back to the Fed's policy decision."
