The cryptocurrency market could face major volatility in the coming months as several major Bitcoin (BTC) holders, including defunct exchanges and government entities, will likely liquidate a significant portion of their holdings. This has raised concerns about continued downward pressure on cryptocurrencies and increasing supply in the market. According to a new report by Kaiko, the digital currency market is experiencing a significant supply increase. A major reason for market concerns is the distribution of debt related to the Mt. Gox exchange, which has more than 46,000 bitcoins worth more than $2 billion. Its allegedly said that the US government also possesses more than $2 billion worth of bitcoins. The US election can be a catalyst for creating a more friendly environment that will generate greater interest in the space among institutional buyers.
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