Kraken’s $3 Billion Bitcoin Distribution to Mt. Gox Creditors 🚀

Kraken has started distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to Mt. Gox creditors, ending a decade-long wait for many. Over $3 billion in Bitcoin is being paid out, with numerous users reporting receiving their funds.

Bitcoin (BTC) Stays Strong 💪

Despite concerns, Bitcoin's price has remained stable, trading at $65,804.18. This stability suggests that the market had already anticipated the impact, demonstrating the resilience and maturity of the cryptocurrency ecosystem.

Bitcoin Cash (BCH) Takes a Hit 📉

Conversely, Bitcoin Cash has dropped significantly, losing over 7% in the past 24 hours. This highlights the liquidity challenges faced by BCH during large distributions.

These repayments mark a significant milestone, providing closure to Mt. Gox creditors and showcasing the evolution of the crypto industry.

#CryptoNews #Bitcoin #BitcoinCash #Kraken #MtGox