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Bitcoin (BTC) Hits Lowest Since February as Mt. Gox Moves $2.6B in BTC

The impending repayments, which include 140,000 BTC ($7.73 billion), 143,000 BCH, and the Japanese yen, were announced last month. Since then, traders have been worried that creditors who have patiently waited for reimbursements for a decade will immediately sell upon receiving coins, creating mass selling pressure in the market. Note that BTC was trading at roughly $600 when the exchange was hacked in 2014, and today, it is worth over $55,000.

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