📉 **Cryptocurrency news:**

- CryptoQuant CEO Ki Young Joo believes the impact of Mt. Gox on Bitcoin is overvalued.

- Sales Mt. Gox worth $3-9 billion is insignificant compared to BTC's capitalization growth over the past 18 months.

- Despite the “panic selling”, the “smart money” continues to buy BTC.

- Mt. Gox has started returning 140,000 BTC to users, which may ease the expected pressure on the market.

Source: Ki Young Joo