K33 Research cautions Mt. Gox’s imminent $9B payout could impact Bitcoin (BTC)

Gox to distribute 142,000 BTC and 143,000 BCH, valued at over $9 billion, to creditors. The payout process could commence as early as next month. All eyes are on the impact of the payout on Bitcoin and Bitcoin Cash price especially after the bitcoin halving event. Mt. Gox, once a major player in the cryptocurrency […]

Why is the crypto market up today? Imminent debt ceiling vote boosts the market

Key takeaways The cryptocurrency market is up by more than 2% today after underperforming for the best part of May. Bitcoin topped the $28k mark for the first time this month. The rally comes as President Biden and the House leadership reached an agreement on the debt ceiling. Crypto Market Cap Reaches $1.16 Trillion The […]