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Bitcoin Celebrates Trillion Dollar Anniversary But Stalls Below US$100,000
The price movement of Bitcoin remains flat today, showing little reaction as the crypto community commemorates the day when BTC's market capitalization first surpassed US$1 trillion in 2021.
Bitcoin has been trading below US$100,000 for more than two weeks, and technical and on-chain data suggest it may remain below this critical price point for a longer period. #btc
Former FTX customers with claims of $50,000 or less will begin receiving repayments in early 2025.
An effective date for repayments has been set for January 3, 2025 and payments are to be made within 60 days of the effective
However, these repayment calculations are based on the U.S. dollar-value of customer deposits as of November 2022. In other words, customers have missed out on the massive rally in the bitcoin and greater crypto markets that has ensued since that time.
For example, bitcoin (BTCUSD) was trading roughly around $17,000 on Nov. 11, 2022; today its value is more than $105,000.