Overview

• Bitcoin dropped below $68,000 following the transfer of $9 billion worth of BTC from Mt. Gox wallets.
• The defunct exchange is preparing to repay creditors by the October 31 deadline, moving assets for the first time in five years.
• Market analysts are divided on the potential impact, with some predicting minimal selling pressure from creditors.
• Former CEO Mark Karpelès reassured that no immediate sale of Bitcoin is planned, calming some market fears.
• The transfer also included Bitcoin Cash, which might face different market reactions compared to Bitcoin.