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RE: bitcoin $1200 to $170 a bear market from nov 2014 - jan 2015
Thanks for reply. Here is update.
"Mt. Gox Sell-off
Tokyo-based cryptocurrency exchange Mt. Gox was formed in 2010, and just four years later was responsible for over 70% of all Bitcoin transactions worldwide. Unfortunately, in 2014 the exchange closed down and filed for bankruptcy following the theft of approximately 850,000 Bitcoin.
This has attracted a lot of attention, but there may be some good news: the next court proceeding for the Mt. Gox bankruptcy isn’t scheduled until September 18th, 2018. It is likely, then, that before that date Kobayashi won’t be able to dump the remaining 166,000 Bitcoin onto the open market."
This past week it was revealed that the trustee for the Mt. Gox bankruptcy case had been selling bitcoin and bitcoin cash holdings to raise funds for defrauded investors.
The amount sold thus far was said to be roughly 40,000 bitcoins, which was worth just over $400 million. ($405 million to be exact)
source ; https://steemit.com/bitcoin/@jrcornel/could-the-mt-gox-related-selling-be-mostly-over#@murkie/re-jrcornel-could-the-mt-gox-related-selling-be-mostly-over-20180311t194232660z
Thanks for reply