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 of a large bitcoin sell-off. Mt. Gox still holds over 34,500 BTC and continues creditor repayments under a deadline running through October 2026. Market watchers remain cautious due to past price impacts from Mt. Gox wallet movements, but this transfer may relate to internal management or future repayments rather than immediate selling.
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. ...
Bitcoin started June under pressure due to weak seasonal trends and significant outflows from spot Bitcoin ETFs, with over $2.43 billion pulled out in May and $1.42 billion in the last week alone. Additionally, the stablecoin market, which provides l...
Bitcoin is facing increased selling pressure after breaking below crucial support levels, including the 50-day, 100-day, and 200-day moving averages. The cryptocurrency has slipped into the $71,000-$72,000 range, losing the ascending trendline that h...
Bitcoin's price fell 1.46% to around $72,648, showing a 16% decline year-to-date, while the S&P 500 rose over 10% in the same period. Data reveals Bitcoin acts as a risk-off asset when U.S. stocks perform well, with fluctuating short-term correlation...
