$ETH $BTC Mt. Gox Plans Major Bitcoin Transfer Amid Market Volatility: Is Crypto Crash Looming?
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.
It has nearly sent 50K Bitcoins in the past two weeks to creditors on Kraken and Bitstamp. While creditors faced some withdrawal issues on the exchange last week, they are largely resolved now.
Mt. Gox and US Government Transfers Add Pressure on Bitcoin
According to data from Arkham Intelligence,a Mt Gox address 12Rgp transferred 0.02 BTC worth $1350 to another address beginning with 1Adb.
The same address also transferred 0.0001 BTC to the address starting with bc1q. This suggests that Mt Gox is conducting test transfers before moving the rest of the 80,128 BTC it holds, valued at $5.35 billion.
