Bitcoin dropped below $70,000 following a large transfer of 10,422 BTC worth $739 million by the defunct Mt. Gox exchange as part of ongoing creditor repayments. Despite no immediate large-scale selling, the move triggered short-term selling pressure amid thin summer liquidity and cautious market sentiment. Analysts highlight $68,000 as a critical support level, with potential to rebound if this holds. The market remains watchful of further Mt. Gox transfers and macroeconomic factors influencing Bitcoin's price trajectory.
XRP has dropped below the key support level of $1.30 following increased selling pressure in early June, coinciding with Ripple's scheduled escrow unlock releasing 1 billion XRP. This technical breakdown comes amid Bitcoin's fall below $70,000, which...
Bitcoin's recent price recovery has paused as Strategy sold 32 BTC, its first sale since 2022, to fund dividends. Although the sale is small and Strategy still holds over 843,000 BTC, it raises questions about the 'never sell' stance. User holdings o...
Mt. Gox transferred 10,422 BTC worth about $739 million to a new unmarked wallet, its first major bitcoin movement since March. The transfer's purpose is unclear as the receiving wallet is not linked to any known exchange, easing immediate concerns o...
Mt. Gox, the defunct Bitcoin exchange, transferred 10,423 BTC valued at about $739 million to a new wallet on June 2, ending a six-month inactivity period. Additionally, 116 BTC was moved to its operational hot wallet. The creditor compensation deadl...
Crypto investment funds experienced significant outflows totaling $1.67 billion last week, marking the second-largest weekly withdrawal in 2026. Bitcoin led the decline with $1.43 billion pulled out, while Ethereum also saw $257 million in outflows. ...
