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Mt. Gox's $2.9B Bitcoin Transfer Spooks Traders: Big Dip Incoming?

2024-05-28 413 Dailymotion

Bankrupt cryptocurrency exchange Mt.Gox transferred billions of dollars’ worth of Bitcoin from its cold wallet to an unknown wallet, heightening anxiety levels of market participants. On-chain tracking platform Spot On Chain spotted a transfer of 42,909 Bitcoins, worth $2.93 billion at prevailing prices, to a wallet late Monday night. Conclusive information about the recipient wallet remains unknown at the time of writing.