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Share link:In this post: Mt. Gox transfers over 47.5K BTC ($3.2 billion) to creditors. The Bitcoin price dropped from $68K to around $66K in apparent response to increased market selling pressure. Spot Bitcoin ETFs continue 12-day streak of positive net inflows.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified
Bitcoin (BTC) failed to hold the $68,000 mark on Tuesday as Mt. Gox initiated a heavy transaction to repay its creditors. BTC price slid to the lower levels of $66,000 as selling pressure increased in the market.
Also read: Grayscale prepares for spot Ethereum ETFs launch with $1 billion
In the latest move, the defunct crypto exchange Mt. Gox shifted more than 47.5K Bitcoin (approx worth $3.2 billion) to multiple crypto addresses.
According to Arkham, Mt. Gox transferred 42.6k BTC ($2.85 billion) to an address starting with 15yPU at 13:06 UTC+8. The next transaction made by the defunct crypto exchange’s cold wallet turned out to be 2,238 BTC ($149 million) to Bitstamp. It also moved 2,871 BTC ($191 million) to an unmarked address.
Mt. Gox still holds 90k Bitcoin
Mt. Gox has sent 5110 Bitcoin, worth approximately $340 million, to 4 separate Bitstamp addresses. Bitstamp is one of the 5 exchanges that Mt. Gox Trustee is working with in order to return funds to creditors.
It also sent 1598 BTC, worth approximately $106.3 million, to Bitstamp cold wallet starting with 3QTCJEY, while its wallet beginning with 3QVD5Hv received 2239 BTC, worth approximately $149.1 million.
Data shows that Mt. Gox still holds 90.3k Bitcoin, worth approximately $6.02 billion.
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