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Cryptocurrency leader Bitcoin (BTC) is trading around $60,000 on the 3rd (Korean time). According to CoinMarketCap, the price of Bitcoin traded between a high of $62,282.84 and a low of $59,670.07.
Cointelegraph said, "At around 19:33 (Korean time) on the 3rd, the BTC $60,000 level temporarily collapsed. This was due to concerns about the start of repayment of $9 billion worth of bonds from the bankrupt cryptocurrency exchange Mt. Gox." “It is analyzed as a decline, and as the $60,000 support line collapses, the possibility of a longer correction has increased.”
Mt. Gox plans to return a total of 142,000 BTC, 143,000 BCH, and 69 billion yen to creditors. By March 10 of last year, creditors had to decide whether to receive in-kind cryptocurrency equivalent to about 90% of the amount to be repaid (in-kind) in a lump sum in July, and it is estimated that 75% of creditors accepted the plan.
Meanwhile, Singapore-based cryptocurrency trading company QCP Capital said through its official Telegram channel that day, "Bitcoin is expected to be weak in the third quarter due to selling pressure due to Mt. Gox redemption and related market uncertainty."
