After a decade-long wait, investors of the failed cryptocurrency exchange Mt. Gox are finally seeing a light at the end of the tunnel as the reimbursement of funds is set to commence shortly. According to data from Arcane Research, Mt. Gox’s cold wallet transferred 47,228 bitcoins, tokens worth $270.8 million, to two separate addresses. Following a series of test transactions on Thursday, the distribution of compensation appears to be on the verge of beginning.
While many investors are elated to retrieve their long-lost funds after an extensive wait, the news isn’t positive for everyone. Read more: 
As per reports from cryptocurrency experts, Bitcoin is projected to fall to $50,000. The looming threat of a massive sell-off has instilled panic among investors, and not just because of the vague threat posed by Mt. Gox potentially driving the downward trend. The German government has also liquidated a significant amount of Bitcoin, reportedly causing the price to plummet below $60 million. At the time of writing this article, Bitcoin is trading at $56,900, having dropped 24% in the past 5.7 hours, with a trading volume of $4.26 billion. 