Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Traders believe the selling pressure from Mt. Gox's repayments might be less severe than anticipated, potentially easing concerns about an immediate selloff.
Crypto traders say selling pressure from Mt. Gox’s newly announced repayments could be much less than market observers fear, easing concerns about an imminent selloff. “In addition, most creditors will likely hold their bitcoin because their cost basis is less than $700 per bitcoin,” he added.
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