Bitcoin price sheds 3% as $6B leaves Mt. Gox cold wallet
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.
Go to Source
Author: William Suberg
Related posts:
- ‘ETH has outperformed BTC by 250% since inception’: Raoul Pal triggers debate
- BTC price loses $42K after fresh rejection puts focus on ‘worst case’ Bitcoin monthly close
- Bitcoin loses $40K as BTC price support levels give way to 1-week lows
- ‘Final week of the bear rally’ — 5 things to know in Bitcoin this week