Bitbank, a cryptocurrency exchange that supports Mt.Gox's compensation work, said that the change in Mt.Gox's wallet balance is expected to have a relatively small impact on the market, as reported by CoinDesk.Yuya Hasegawa, Bitbank's cryptocurrency market analyst, said, "When Mt.Gox's trustee officially announced that they had started repayment, Bitcoin was fluctuating around $54,000. After the news was announced, the price of Bitcoin rebounded and briefly rose to $58,000 over the weekend."Before Mt.Gox began paying compensation, the market had already digested its impact and subsequently reacted to the (US) employment report released on Friday after Mt.Gox began repayment, "Hasegawa added," This indicates that the market's concerns about Mt.Gox's repayment are beginning to weaken, and their focus is turning back to the Federal Reserve's policy decisions."
Bitbank analyst: Mt.Gox compensation is expected to have little impact on the market, and its impact
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