Mt. Gox, the notorious defunct cryptocurrency exchange, has made headlines by moving a significant amount of Bitcoin. The exchange transferred 32,371 Bitcoins, which, at current market prices, are valued at $2.19 billion. This transaction was directed to an undisclosed address, adding an element of mystery to the situation.
The movement of such a large amount of Bitcoin occurred during a period when the cryptocurrency’s market price remained in a stable range between $65k and $73k. Additionally, this activity coincided with a time when the world was keenly observing the results of the US elections, which may have broader implications for the markets.
