On the crypto currency market as a day of checks as a long-time investor in the courses of his invested in crypto currencies once again. When looking at an overview of our courses, a deep-red picture once again. Even if the bankruptcy Trustee of the insolvent Bitcoin-Mt exchange. Gox, Nobuaki Kobayashi should not be directly responsible for the price collapse responsible, once again, that the administrator of the Mt. Gox was active again.
While Litecoin, Bitcoin and Ethereum only about 5 percent of loss in the last 24 hours to accept, are the biggest losers from the Top 15: EOS, Stellar, Bitcoin, Cash, and Vechain, all double-digit losses.
In the course of April, as the market continued to recover and Bitcoin towards the $ 10,000 mark included Bitcoin Cash, EOS, and Vechain climbed to the biggest winners in the market. All three crypto-currencies could be close to a daily increase of about 10 percent.
In recent days, the cryptocurrency market has a negative Trend, it is these three which have in comparison to Bitcoin and Ethereum, but clearly higher losses. EOS has fallen from its peak in April compared to Bitcoin to more than 38 percent.
Is the Mt. Gox bankruptcy Trustee again responsible?
Only 5 days ago we have reports that the liquidator of the insolvent Bitcoin-Mt exchange. Gox, Nobuaki Kobayashi, has sold larger quantities of Bitcoin and Bitcoin to Cash. As it looks now, it seems Kobayashi continues to be in a “selling mood”. How Blockchain.info shows Kobayashi was also in the last few days and has sold around 3.856 BTC, which have approximately a value of around 27 million euros in the last three days.
As we already reported, was Mt. Gox at the time, the world’s largest Bitcoin exchange, was hacked in February 2014, and around 850,000 Bitcoin were stolen. Mt. Gox had its operation set, and it was only in the 200,000 BTC back to win. The rest of the Bitcoin, however, could not be found.
In sum, therefore, are probably 148.572 Bitcoin in the possession of the Mt. Gox Bankruptcy Trustee.
However, it is not clarified until today and to critically question whether there is a connection between the sales of Kobayashi and the Bitcoin and crypto – slump in the past few months, and Today’s. As we reported, played in the past, other reasons may play a more important role. In addition, the topic should not be overstated and so for FUD. Certainly the sales of the Trustee in bankruptcy of Mt. Not to come Gox is usually very unfavorable time points, which were very conducive for the market. However, it seems from our point of view is also not quite unlikely that other reasons play a role or have played.
A plausible reason for the exchange losses of the last few days could be that Upbit, is the largest South Korean crypto-currency stock exchange of the police, the Korean financial Supervisory authority (FSS) and the Korean Financial intelligence unit (KIU) was searched. The stock market is suspected of have their Numbers spoofed. What a great influence the “crypto-exchanges-rumors” may have showed Binance a few weeks ago, as the entire market slumped because of a supposed Hacks. Therefore, the presumption is close, that the messages are Upbit investors, have particularly unsettled in the crypto currency market is an important country of South Korea, strongly and, consequently, the price of all currencies press.
As always possible explanations but remain pure speculation. Nevertheless, it remains, in our view, to hope that the Situation clears up soon and this is a re-recreation.
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