tldrdaily.news logo

Bitcoin Plummets Amid $9B Mt. Gox Wallet Movements

1 min read
Source: Decrypt
Bitcoin Plummets Amid $9B Mt. Gox Wallet Movements
Photo: Decrypt
TL;DR Summary

Bitcoin's price fell after a wallet linked to the defunct Mt. Gox exchange moved $9 billion worth of BTC, sparking fears of market volatility. The transfer, which involved 68 transactions, represents about half of Mt. Gox's holdings. The price of Bitcoin dropped to $67,555.01 before recovering to $68,000. Mt. Gox, once the largest Bitcoin exchange, filed for bankruptcy in 2014 after losing 850,000 BTC to hackers.

Topics:business#bitcoin#blockchain#btc-price#cryptocurrency#cryptocurrency-market#mt-gox
Share this article
  1. Bitcoin Falls After Mt. Gox Wallets Move $9 Billion Worth of BTC  Decrypt
  2. First Mover Americas: Bitcoin Falls Below $68K After $9B Mt. Gox Transfer  CoinDesk
  3. Bitcoin sinks as Mt. Gox transfers billions to potentially begin repayments  MarketWatch
  4. Bitcoin Retreats as Traders Mull Risk of Sales Linked to Mt. Gox  Bloomberg
  5. $82 Million Bitcoin Mystery Stuns World's Largest Exchange By U.Today  Investing.com

Reading Insights

Total Reads

0

Unique Readers

2

Time Saved

2 min

vs 3 min read

Condensed

85%

447 → 66 words

Want the full story? Read the original article

Read on Decrypt