Bitcoin

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<ul class="news-points">
 <li>Mt. Gox transferred 1,544 BTC to an address belonging to crypto exchange Bitbank.</li>
 <li>Over $682.56 million was liquidated from the market in the past 24 hours.</li>
 <li>The German government sent 1,300 BTC to Coinbase, Bitstamp, and Kraken.</li>
</ul>
Bitcoin’s price is under pressure as a major options expiry coincides with large-scale Bitcoin movements from the defunct exchange Mt. Gox and the German government. This confluence of events has triggered a wave of bearish sentiment in the crypto market.&nbsp;
In the past few hours, BTC selling activity has surged, leading to a massive decline in the altcoin sector as well.
Mt. Gox began distributing Bitcoin to its creditors in the past 24 hours. As per Arkham Intelligence <a href="https://t.co/WALPnCMjr2" target="_blank" rel="noopener noreferrer nofollow">data</a>, the exchange’s wallet showed significant movement, with 47,229 BTC (worth $2.5 billion at current prices) transferred to a wallet at 8:27 a.m. UTC+8 on Friday. The same wallet then transferred the cryptocurrencies to two addresses, <a href="https://x.com/PeckShieldAlert/status/1809045829367575004" target="_blank" rel="noopener noreferrer nofollow">reported</a> PeckShield. One address received 44,500 BTC worth around $2.55 billion, while the other received 2,700 BTC worth close to $154.8 million.
As noted by a crypto analyst on X, Mt. Gox transferred 1,544 BTC to an address bel…
The post <a href="https://coinedition.com/liquidations-government-dumps-and-mt-gox-transfers-how-much-more/" rel="noopener noreferrer nofollow">Liquidations, Government Dumps, and Mt. Gox Transfers: How Much More?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Liquidations, Government Dumps, and Mt. Gox Transfers: How Much More?

Coin Edition

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