"Bitcoin Price Plunges Following Bitstamp's MtGox Refund Announcement 😿👀🚨
The Bitcoin price has dropped from approximately $67,000 to $64,074, following a recent announcement from Bitstamp regarding the MtGox refunds. Although Kraken exchange has largely completed its refunds, other exchanges, including Bitstamp, are yet to follow suit.
The latest announcement from Bitstamp indicates that they have received the necessary assets and will soon complete the refunds. A separate announcement will be made once the refund process is finished, with another source suggesting the refunds will be made on July 25.
This development has led to a decline in Bitcoin's price, which currently stands at $64,188.73, representing a 2.24% drop.
