The price of bitcoin (BTC) fell sharply after Mt Gox, the infamous cryptocurrency exchange that went bankrupt a decade ago, began moving billions worth of the cryptocurrency to a new wallet, Mt Gox’s first bitcoin transfers in five years. So far the transactions total at least $9 billion worth of bitcoin. Bitcoin’s value dropped below the $68,000 mark, while Ethereum also saw a decrease, falling below $3,850. The cryptocurrency market experienced a 1.90% decline.
Crypto Markets Spooked as Mt Gox Moves Over $9B in Bitcoin
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WRITTEN BYBitcoin.com News DeskEditorial Desk Reporter
The Bitcoin.com News Desk publishes timely reporting on market developments, protocol updates, regulatory changes, and industry announcements across the cryptocurrency sector.
