Bitcoin Cash faces potential 24% crash as Mt. Gox starts repayments.

Bitcoin Cash has dropped below the weekly support level of $378.6, marking a 20% decline this week. Currently trading around $310, marking a 6% decline on the day.

Trustee Nobuaki Kobayashi's announcement of Mt. Gox's repayment plan in early July, coupled with the movement of 47,229 $BTC worth $2.71 billion on Friday, indicates market fear, uncertainty and doubt (FUD) that could potentially lead to a decline in $BCH prices in the coming days.

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