Zhu Jiyoung: Mt. Gox Creditor Activity Not Driving Market Plunge
CryptoNewsTerminal Staff25 Jul, 2024
Zhu Jiyoung: Mt. Gox Creditor Activity Not Driving Market Plunge
A recent decline in cryptocurrency prices is not because of Mt. Gox creditor activity, according to Zhu Jiyoung, CEO of CryptoQuant. Jiyoung stated that there has been no unusual activity in terms of price spread trading volume or deposits and withdrawals. He believes that the price drop is simply a result of market sentiment and the sensitivity of Kraken's Mt. Gox supply to market sentiment.