QCP Capital has observed that the usual level of $60,000 that has historically supported Bitcoin’s price in the second quarter is currently facing additional challenges. This can be attributed to various factors that are contributing to this situation. One significant factor is the repayment of Bitcoin from Mt. Gox. As many may be aware, the Mt. Gox exchange, which had collapsed, will soon begin repaying its creditors in both BTC and Bitcoin Cash (BCH) starting from July 2. This repayment process will result in an increase in the supply of Bitcoin on exchanges, which is likely to lead to increased volatility in its price. For the latest updates on financial and business news, visit COINTURK FINANCE.
