JPMorgan: Mt. Gox creditors expected to sell some of their Bitcoin receivables next month
By:Cointime
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.
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