First Mover Americas: Bitcoin Falls Below $68K After $9B Mt. Gox Transfer

The latest price moves in crypto markets in context for May 28, 2024.

Bitcoin fell below $68,000 after wallets belonging to Mt. Gox transferred $9 billion worth of BTC to an unknown address early Asian morning. The transaction is possibly part of a plan to repay creditors by Oct. 31. BTC dropped as low as $67,680, a decline of over 1.5% in the last 24 hours, following the transfer having climbed above $70,000 on Monday. Bitcoin subsequently seemed to shrug off the dip to reclaim $68,000 during the European morning. At the time of writing it is just under $68,500, largely unmoved in the last 24 hours. The CoinDesk 20 Index (CD20) meanwhile is up around 0.3%.#BTC $BTC