Mt. Gox to Begin Selling Bitcoin in July, Prices Expected to Dump

Mt. Gox, once one of the world's largest cryptocurrency exchanges, announced it will start selling Bitcoin and Bitcoin Cash as part of its repayment plan to creditors in July. This announcement has raised concerns in the market about a potential significant drop in cryptocurrency prices due to the influx of a large amount of Bitcoin into the market.

Coindesk: https://www.coindesk.com/markets/2024/06/24/mt-gox-to-begin-bitcoin-bitcoin-cash-repayments-in-july/