The repayment of Mt. Gox creditors has ranked among the notable events impacting the crypto sector in recent weeks, given its potential to influence market sentiments in a bearish manner.
In the latest development, reports indicate that the Kraken crypto exchange has sent out emails to community members confirming that the trading platform has successfully received creditor funds.
The exchange reportedly received Bitcoin (BTC) and Bitcoin Cash (BCH) from the Mt. Gox trustee. The funds must be deposited into users’ accounts within two weeks.
Bitcoin price prediction for August 1. Source: ChatGPT-4o
In this context, if the prediction comes to pass, Bitcoin will likely still be trading in a range considered crucial to the next all-time high. Indeed, part of the market consensus maintains that Bitcoin needs to trade above $60,000 to validate any bullish sentiments.
In the meantime, Bitcoin has reclaimed the $64,000 mark, with eyes on $65,000. By press time, BTC was valued at $64,013, with daily gains of over 2%.
Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
