Bitcoin Drops to $64,000 Amid Mt. Gox Repayment Pressure

Bitcoin fell to $64,000 as the market feared that Mt. Gox's repayment would trigger substantial selling pressure.

A whopping $2.5 billion worth of Bitcoin was transferred between unidentified wallets, shedding light on the ongoing repayment activities of Mt. Gox.

Unraveling the Mystery of Major BTC Transfers

Recently, the cryptocurrency community witnessed a massive Bitcoin transfer, with 37,477 BTC, valued at over $2.5 billion, moving between unknown wallets. Such significant transactions often spark speculation and concern, especially when the origin and destination are unclear. Insights from Arkham Intelligence provided a plausible explanation, linking both wallets to the infamous Mt. Gox exchange.

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