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Nathanielbirkett
@nathanielbirkett
In July, Mt.Gox's creditors will likely sell some of the recovered bitcoins, which will put pressure on the market. This was stated by JPMorgan analysts, The Block writes. On June 24, Bitcoin fell below $60,000 after the trustee of the collapsed exchange announced plans to begin paying compensation in July. The bankruptcy trustee is expected to distribute assets of 142,000 BTC, 143,000 BCH and 69 billion yen. Experts expect a potential recovery from the dump in August. The company also suggested that Gemini Earn clients had recently liquidated some of the assets they had received.
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