Bitcoin price has moved downwards following recent industry-related events as market sentiments flipped. The price of the asset fell nearly 1% in the last 24 hours, stunting weekly growth to 1.6% after a previous recovery. At press time, BTC trades at $66,418 with liquidations recorded in the past trading day amid spot Ethereum ETF debut.
Bitcoin Price Hindered By Mt Gox Repayments
Bitcoin price which notched a rebound to reclaim $66,000 after the German asset sales is now in a similar situation of low sentiments. This is a result of repayments announced by a bankrupt crypto exchange liquidator in June. Weeks after the disclosure, payments have kicked off with Mt Gox on-chain BTC movements dominating industry spaces.
On July 24, Mt Gox moved 37.477K BTC valued over $3 billion from its holdings to address as flagged by on-chain analytics firm Arkham Intelligence. On July 23, Kraken announced it had started repayment to the creditors after it received 48,641 BTC from the Mt Gox Rehabilit
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