Bitcoin Cash Price Slides 5% on Escalating Mt. Gox Creditors Kraken Withdrawals

Bitcoin Cash price dipped in value following the start of the Mt. Gox repayment program. Kraken, one of the Trustees, received 48,641 BTC from Mt. Gox and, shortly after, began disbursing the assets back to the victims. Kraken CEO David Ripley confirmed the successful distribution of the assets back to creditors from his exchange. Following this distribution, creditors started withdrawing their BCH and BTC from Kraken. Furthermore, Mt. Gox has transferred more BTC to the Bitstamp exchange, which could further influence market prices. As a result, BCH price is down 5% in the last 24 hours to $368.