๐ขCrypto news alert! Defunct exchange Mt. Gox has moved a whopping 107,547 BTC ($7.3 billion) to an unknown wallet, causing a 2% dip in Bitcoin prices. ๐ This marks the first movement from Mt. Gox in five years, signaling a significant step towards resolving its long-standing bankruptcy proceedings.
Despite the market's swift reaction and downward pressure on Bitcoin prices, let's stay optimistic! ๐ Bitcoin has been consolidating between $65,000 and $70,000, and while the recent movements have added to the volatility, $66,000 remains a crucial support level.
Mt. Gox is preparing to distribute its remaining assets to creditors by October 31, 2024, aiming to resolve the bankruptcy proceedings and return assets to those affected by the exchange's collapse. As we watch this unfold, remember, every market fluctuation is an opportunity. Stay tuned for more updates! ๐ผ๐ #Bitcoin #MtGox #CryptoNews