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Bitcoin's Mt. Gox boost ⛰️
The price of Bitcoin jumped Friday morning, on news that Mt. Gox's deadline for repaying creditors has been pushed back by a year.
Stephen Graves
October 11, 2024
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Bitcoin’s price spiked Friday morning, on the news that defunct crypto exchange Mt. Gox has been given an extra year to repay creditors.
In a note to creditors, the Mt. Gox rehabilitation team shared that the deadline for repayments has been extended to October 31, 2025, citing “issues arising during the repayments process.”
Although the news saw Bitcoin rise in the short term, its broader trend over the past year has seen the longest sideways movement following a halving in the cryptocurrency’s history.
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