In today’s briefing:
- Liquidity Headwinds Play Catch Up
- Crypto Crisp: There it was, the height of Mt. Gox fear
Liquidity Headwinds Play Catch Up
- BTC faces headwinds as global liquidity contracts, impacting recent price action.
- Spot BTC ETFs initially fueled highs, but inflows and volumes are now declining.
- Crypto markets need a major catalyst to counteract waning liquidity support.
Crypto Crisp: There it was, the height of Mt. Gox fear
- It was only a matter of time. Today, Mt. Gox confirmed that it will begin distributing its Bitcoin and Bitcoin Cash holdings to creditors, primarily former clients, starting in July.
- The announcement did not specify the exact date or the timeline for the repayments.
- The crypto market reacted poorly to this news, with Bitcoin dropping nearly 4% since the announcement this morning.
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