Mt. Gox Shifts $2.2B in Bitcoin : Potential for BTC Price to Dip Below $60K

Quick Summary:

According to on-chain data analysis provided by Arkham Intelligence, the defunct cryptocurrency exchange made the largest transfer of Bitcoins from its associated wallet earlier today.Mt.Gox sent 32.

Gox is preparing to make another fund distribution.

Gox funds is viewed as a bearish impact as it largely dilutes the existing market supply.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 04:32:57 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 291 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23422343

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Main Topics: Crypto

Official Website: coinpedia.org

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News Last Updated: 8 hours ago

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