Bitcoin is currently trading below $65,000, largely due to selling pressure from the Mt.Gox incident. Bitstamp has announced that it will begin distributing assets received from the Mt.Gox Trustee starting today. This development is expected to further impact the market negatively, as more Bitcoin enters circulation, potentially driving prices down.
The ongoing distribution of assets from the Mt.Gox Trustee highlights the long-term repercussions of past security breaches in the cryptocurrency space. Market participants should brace for increased volatility as these assets are liquidated.