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Mt. Gox Moves 500 BTC as Bitcoin Price Tests $69,000 Support Coin Edition 01 Nov 2024

Mt. Gox Moves 500 BTC as Bitcoin Price Tests $69,000 Support 📉

Bitcoin's price recently dropped to $69,000, a level currently being evaluated for support.

Amidst this scenario, Mt. Gox, a bankrupt digital asset trading platform, has reportedly begun the process of transferring Bitcoin to unmarked wallets.

Analyst EmberCN stated that the platform moved 500 BTC, valued at approximately $35 million, to these wallets.

This movement of funds has fueled speculation about a new set of repayments associated with Mt. Gox, although no official confirmation has been provided.

The transfer activity has been closely monitored by market watchers and industry analysts for further developments.

Source: coinedition.com ↗

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