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Title: MT Gox Trustee Sold Half a Billion Dollars Worth of Bitcoin and Bitcoin Cash Post by: alyssa85 on March 07, 2018, 01:41:11 PM https://www.trustnodes.com/2018/03/07/mt-gox-trustee-sold-half-billion-dollars-worth-bitcoin-bitcoin-cash
Quote The MT Gox trustee has sold 35,841 BTC for $362 million and 34,008 BCH for $45 million according to reports coming out of a creditors meeting held earlier today. Mark Karpeles, MT Gox’s former CEO, said the sums were “sold between December 2017 and February 2018 with the assistance of a bitcoin exchange.” Little further detail is provided at this stage with a full report by the trustee providing no explanation why the funds were sold or why they were sold at this precise point. A big sale like that could be the reason for bitcoin's downward pressure between Dec 2017 and Feb 2018. Title: Re: MT Gox Trustee Sold Half a Billion Dollars Worth of Bitcoin and Bitcoin Cash Post by: IndzheborgC on March 15, 2018, 03:46:36 AM If you look at the turnover of bitcoin (BTC / USD) on coinmarketcap.com, then a little:
13 ... 23 billion turnover for this period, merged 10 million per day, or 0.077% ... 0.043%. In terms of turnover, USDT is 1700 ... 4600 billion, then 0.59% ... 0.2%, however slightly. For a correct estimation it is necessary to know what part of bitcoin is covered by the fiat currencies. |