Mt. Gox Creditors Begin Withdrawing Owed Bitcoin And BCH Funds Via Kraken
Summary
Mt. Gox creditors are receiving owed Bitcoin and Bitcoin cash through exchanges like Kraken and Bitstamp, causing a 4% drop in Bitcoin's price. Mt. Gox transferred $2.85 billion in BTC to distribute to creditors, with Bitstamp receiving $340.1 million. Kraken has received over $3 billion from the Mt. Gox trustee for creditor funds. The market correction following the payouts has impacted 1-3 month BTC holders, with support levels at $63,600 and $66,000 being crucial. Analysts note a potential double-bottom pattern and bullish RSI divergence, suggesting a rebound to $67,600 if the $66,000 support holds.
