there a possibility that Bitcoin bounces back from the market volatility it witnessed lately?
Bitcoin is still being sent to exchanges by Mt. Gox in order to care for its liabilities.
US spot Bitcoin ETFs saw inflows as investors got more optimistic this week.
During Saturdayâs Bitcoin conference, Donald Trump will be making a speech but Kamala Harris will not attend.
Positive on-chain statistics show that sales activity is likely to increase due to favorable exchange inflow.
After finding support around $63500 yesterday, BTC bounces back and reaches $67000 on Friday. Nonetheless, this week Bitcoin has lost over 1.50% as Mt.Gox continues sending Bitcoin to exchanges. US spot Bitcoin ETFs saw inflows this week because of Donald Trump's planned speech at Saturday's Bitcoin Conference and Kamala Harris choosing not to attend. In case the current trend persists, on-chain statistics showing positive exchange inflows could cause prices crash even further since they imply greater selling pressure.
Mt. Gox continues paying off creditors.
Today information from Akram Intelligence indicates that during this week, the balance of Mt.Gox token fell from 90k BTC down to 80k BTC.Mt.Gox holdings have dropped from $6.2bn t0$5.2bn since the beginning of this week according to Token Balance history.
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