And Mt. Gox started Bitcoin transfers: Price dropped to 53 thousand dollars
In the cryptocurrency world, Mt. Gox-related major selling pressure continues. Following yesterday's trial transfers, the bankruptcy management of the exchange moved more than $2.7 billion worth of Bitcoin with multiple transfers in a row at night.
Mt. has been awaited for about 10 years. Gox refunds are due for 2024! The exchange officially pushed the button for Bitcoin (and Bitcoin Cash) payments for the first time since it was hacked in 2014, moving more than 47 thousand Bitcoins overnight.
BTCs worth more than $2.7 billion were sent to an unknown address. Later, the exchange transferred 44,500 of the 47 thousand BTCs to a new address, and 2700 of them were transferred to Mt. Gox address. Finally, 1544 Bitcoins (approximately 85 million dollars) were transferred to the hot wallet of Bitbank exchange, with which the exchange had an agreement for distribution.
These transfers of the stock market, which took place within a few hours, brought huge declines in Bitcoin and altcoins. Bitcoin, which fell hard, fell below 54 thousand dollars around 08:00 CET and the price of $ 53,200 was seen.
The meltdown in altcoins has also reached serious levels. Many altcoins have returned to 2020 levels, and some have returned to 2023 bear season levels. The total value of TOTAL 3, one of the charts followed for altcoins, dropped to 510 billion dollars. Here, the figure reached up to 788 billion dollars in March.
Mt. Gox has more than 140 thousand Bitcoins (and the same amount of Bitcoin Cash).
-Uzmancoin
