Bitcoin dips below $55K as Mt. Gox moves 47,229 BTC
Share link:In this post: Mt. Gox moved 47,000 BTC to an unknown wallet, causing Bitcoin to drop below $55,000 for the first time since February. Experts predict Bitcoin could fall further to $50,000 as the bearish momentum strengthens, with increased inflows to exchanges indicating potential selling pressure. Despite the drop, 75% of Bitcoin holders are still in profit, and the derivatives market shows heightened activity and interest.Disclaimer. The information provided is not trading advice. Cryptopolita
Mt. Gox has moved over forty-seven thousand BTCs from its cold wallet to an unknown one, and Bitcoin has tumbled. Hard. For the first time since February, the king of cryptocurrencies has dipped below $55,000. Over $110 million was liquidated in the market in only an hour.
Mt. Gox’s transaction, valued at approximately $2.71 billion based on current prices, marks the first major movement of Bitcoin by the defunct exchange since May.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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