JPMorgan: Mt. Gox creditors expected to sell some of their Bitcoin receivables next month
Analysts at Morgan Stanley have stated that Mt.Gox creditors are expected to sell a portion of their Bitcoin receivables next month, which could put pressure on the cryptocurrency market initially. However, the market may recover from August onwards as FTX creditors are also expected to receive repayments in the coming months. The analysts further stated that these repayments from FTX could support the cryptocurrency market, and creditors may reinvest their funds in cryptocurrency assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial listing] Bitget to list MAGNE.AI (MHA)
CandyBomb x DGAI (Episode 2): Trade to share 50,000 USDT
CandyBomb x MCAT: Trade to share 60,000 USDT
8 years of companionship, the story continues.
Crypto prices
More
