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The next Mt Gox creditors meeting isn't until September 18 and many investors are speculating that this means trustees can't sell any more bitcoin until then.
Charles Hayter, the CEO of CryptoCompare, said: "It’s the usual — fears on regulation in the US after ICO subpoenas and exchanges coming under fire."
‘This is horse s—‘: Bitcoin traders are angry that Mt Gox’s crypto stash is being ‘dumped’ on the market
Crypto traders are concerned that large bitcoin sales from Mt Gox's trustees could be affecting the price of the digital asset.
The CEO of bitcoin exchange Mt Gox described what it was like to discover he had been hacked: ‘It felt like I was about to die’
Karpeles reportedly spent tens of thousands of dollars on high-end equipment for a bitcoin cafe.