Bitcoin to Surge While Bitcoin Cash Suffers Amid Mt. Gox Repayments, Say Analysts

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11 months ago bitnews

The recent plunge of Bitcoin to $53,500 can partly be attributed to the commencement of Mt. Gox’s repayment process. As part of these repayments, creditors will receive both Bitcoin (BTC) and Bitcoin Cash (BCH). Approximately $73 million worth of BCH and nearly $9 billion worth of BTC are slated to be distributed in the coming