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HomeCRYPTOCURRENCY BITCOINMt Gox to Return 9 Billion in Bitcoin Potential Market Impact

Mt Gox to Return 9 Billion in Bitcoin Potential Market Impact

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The upcoming repayments have the potential to place considerable selling pressure on both the Bitcoin and Bitcoin Cash markets. Eric Balchunas, a Senior ETF Analyst at Bloomberg Intelligence, emphasized the possible consequences, highlighting that this sudden surge could offset more than fifty percent of all ETF inflows at one go. Since January 2024, investments in spot Bitcoin ETFs have been on the rise, leading to price increases, with these financial instruments amassing a total of over $14.5 billion in net inflows.

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