Why Bitcoin Is Falling: Mt. Gox Sent 9.6 Billion Dollars!

Bitcoin (BTC) and the cryptocurrency market in general fell after billions of dollars in transfers earlier today.

According to CoinGecko data, on a daily basis, the Bitcoin price decreased by 1% to $ 67,820; The total value of the cryptocurrency market decreased by 0.8% to 2.68 trillion dollars.

According to blockchain data, Mt. 141,686 Bitcoins (approximately $9.6 billion) were sent from Gox wallets to an unknown wallet this morning, through more than 14 transactions in total. According to writing time, 34,138 BTC was last transferred at 09:07 Türkiye time.

Cryptocurrency exchange Mt. collapsed in 2014. Gox had not removed Bitcoin from his wallet for five years.

Mt. Gox made a statement in September 2023, announcing that the stock exchange's creditors would be repaid by October 31, 2024. It is thought that selling these Bitcoins may create selling pressure.

Founded in 2010, the Tokyo-based company had become the largest Bitcoin exchange by 2013. However, the exchange went bankrupt at the beginning of 2014, losing more than 800,000 Bitcoins, and shut down its site.