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The trustee of shuttered cryptocurrency exchange Mt. Gox, Nobuaki Kobayashi, made an announcement on Tuesday, Sept. 25. Kobayashi stated that he sold nearly JPY 26 billion ($230 million) worth of bitcoin and Bitcoin Cash between March and June. It has been widely reported that in the time frame in which the liquidation unfolded that the known bitcoin addresses of the Mt. Gox Trustee had large sales of bitcoin and Bitcoin Cash.
According to the statement: Overall, the transactions corresponded to an average price of EUR 6,902 for BTC and EUR 1,107 euros for Bitcoin Cash (BCH). It was a positive development for crypto investors, which led to repaying creditors in bitcoin and stemming market volatility. Although Kobayashi has denied having influence over the bitcoin price, he’s been blamed by crypto investors for the impact his selling activity has had on the market.
It remains unclear, however, whether there was actually a connection between Kobayashi’s selling and the drop in the bitcoin price in recent months. Certainly, the Mt. Gox bankruptcy trustee’s liquidation coincided with unfavorable times in the market. But most likely, other factors have been responsible for the 2018 bear market.
Join http://crypto-autobot.com/
Join- https://t.me/cryptosignalalert
Join- https://t.me/btctradingclub
https://play.google.com/store/apps/details?id=com.freecryptosignals.app
For more Bitcoin Crypto Currency news Latest Update Crypto Currency Training Auto Trading Crypto BOT & Crypto Trading Signals join above given telegram channel.
The trustee of shuttered cryptocurrency exchange Mt. Gox, Nobuaki Kobayashi, made an announcement on Tuesday, Sept. 25. Kobayashi stated that he sold nearly JPY 26 billion ($230 million) worth of bitcoin and Bitcoin Cash between March and June. It has been widely reported that in the time frame in which the liquidation unfolded that the known bitcoin addresses of the Mt. Gox Trustee had large sales of bitcoin and Bitcoin Cash.
According to the statement: Overall, the transactions corresponded to an average price of EUR 6,902 for BTC and EUR 1,107 euros for Bitcoin Cash (BCH). It was a positive development for crypto investors, which led to repaying creditors in bitcoin and stemming market volatility. Although Kobayashi has denied having influence over the bitcoin price, he’s been blamed by crypto investors for the impact his selling activity has had on the market.
It remains unclear, however, whether there was actually a connection between Kobayashi’s selling and the drop in the bitcoin price in recent months. Certainly, the Mt. Gox bankruptcy trustee’s liquidation coincided with unfavorable times in the market. But most likely, other factors have been responsible for the 2018 bear market.
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