Mt. Gox Plans Major Bitcoin Transfer Amid Market Volatility: Is Crypto Crash Looming?

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BitcoinWorld 12h ago

Mt. Gox Plans Major Bitcoin Transfer Amid Market Volatility: Is Crypto Crash Looming? - BitcoinWorld

Quick Summary:

The defunct crypto exchange Mt Gox is now planning to transfer the remaining 80.5K Bitcoins at a time when Bitcoin struggles to surpass the $70,000 level.

However, the latest BTC transfer by the US government fuels speculations of a major sell off coming up as signaled by Peter Schiff in his latest tweet.

Despite this transfer, the US government wallet still holds 183,439 BTC, valued at over $12 billion.