Bitcoin Bullish Q4 Narrative Fueled By FTX Repayment Developments: Report

Quick Summary:

According to a report by crypto research firm K33 Research, Bitcoin (BTC) price could benefit from the latest developments in the FTX bankruptcy saga.

Debtors will have 60 days to repay individual customers with claims under $50,000, representing approximately $1.2 billion worth of assets.

Larger creditors (entitlement class) are expected to receive their $9 billion payouts in February 2025.

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Article Details

Author / Journalist: Ash Tiwari

Category: Crypto

Markets: HungaryBahamas

Topics: Bitcoin News Digital currency Crypto Bitcoin Bitcoin bull Btc Q4 2024 BTCUSDT SBF FTX Cryptocurrency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 11:30:20 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 50 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22968411

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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