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Bitcoin price sheds 3% as B leaves Mt. Gox cold wallet

Bitcoin price sheds 3% as $6B leaves Mt. Gox cold wallet

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Source: Coin Telegraph

Mt. Gox appears to be shifting funds from cold storage in preparation for distribution to creditors, with nearly 100,000 BTC in outflows on July 16.

Bitcoin (BTC) shed over 3% on July 16 as what analysis called “FUD” involving defunct exchange Mt. Gox resurfaced.

Data from Cointelegraph Markets Pro and TradingView showed BTC price action under pressure after hitting $65,000 on Bitstamp.

The downturn came as BTC belonging to Mt. Gox shifted between wallets affiliated with its rehabilitation program.

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Author: William Suberg