The post Bitcoin Falls Below $68K After $9B Mt. Gox Transfer appeared on BitcoinEthereumNews.com.

Bitcoin fell below $68,000 after wallets belonging to Mt. Gox transferred $9 billion worth of BTC to an unknown address early Asian morning. The transaction is possibly part of a plan to repay creditors by Oct. 31. BTC dropped as low as $67,680, a decline of over 1.5% in the last 24 hours, following the transfer having climbed above $70,000 on Monday. Bitcoin subsequently seemed to shrug off the dip to reclaim $68,000 during the European morning. At the time of writing it is just under $68,500, largely unmoved in the last 24 hours. The CoinDesk 20 Index (CD20) meanwhile is up around 0.3%. Source: https://www.coindesk.com/markets/2024/05/28/first-mover-americas-bitcoin-falls-below-68k-after-9b-mt-gox-transfer/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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Filed under: News - @ May 28, 2024 6:26 pm