Mt. Gox Transfers $9B Bitcoin, Triggering Market Dip Below $68K
TL;DR Summary
Mt. Gox transferred over 140,000 BTC, worth around $9 billion, to a single address in thirteen transactions, likely as part of a plan to repay creditors by October 31, 2024. The market reacted bearishly, with Bitcoin dropping by 1.4% to $67,680. This is the first movement of assets from Mt. Gox's cold wallets in over five years.
- Mt.Gox Transfers $9B Bitcoin to Single Address as Part of Repayment Plans CoinDesk
- First Mover Americas: Bitcoin Falls Below $68K After $9B Mt. Gox Transfer CoinDesk
- Bitcoin sinks as Mt. Gox transfers billions to begin creditor repayments MarketWatch
- Bitcoin has '3 bullish reasons' to head higher after $68K dip — analysis Cointelegraph
- Bitcoin Retreats as Traders Mull Risk of Sales Linked to Mt. Gox Bloomberg
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