Search
Mt. Gox Bitcoin movement sparks sell-off, pushing BTC below $55k
5.7.2024
Mt. Gox very recently transferred approximately 47229 Bitcoin to another cryptocurrency wallet address. Bitcoin’s price sharply decreased over the last 24 hours, and the now defunct cryptocurrency exchange Mt. Gox moved Bitcoin worth $2.71 billion from cold storage to an address. Crypto...
Up to 99% of Mt. Gox’s $8.2B Bitcoin could be sold: Analyst
5.7.2024
Nearly all of Mt. Gox’s former creditors might be looking to sell their Bitcoin, which has increased by over 8,500% in value in the 10 years since the exchange’s collapse
Mt. Gox begins repayments in Bitcoin and Bitcoin Cash
5.7.2024
The collapsed exchange has started debt repayments to creditors via select crypto exchanges, following the Rehabilitation Plan
Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash
5.7.2024
The news of the repayments added selling pressure on bitcoin and the larger crypto market after Mt. Gox announced last month its intention to start repayments in July
Bitcoin Dips Below $54K as Mt. Gox Moves $2.6B in BTC
5.7.2024
BTC slides to lowest since late February, breaching key price support
Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
5.7.2024
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers...
German MP urges government to stop ‘hasty’ Bitcoin sell-off
5.7.2024
German MP Joana Cotar said the mass Bitcoin sell-off isn’t “sensible” and “productive” as it could be used to diversify treasury assets and protect against currency devaluation
Mt. Gox moves $2.7B in Bitcoin to new wallet address
5.7.2024
One of Mt. Gox’s cold wallets just transferred more than 47,000 BTC to an unknown wallet address amid a plan to begin repaying its creditors
German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data Shows
5.7.2024
The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s...
Bitcoin Hits New Low Since February, Options Market Stays Optimistic
4.7.2024
According to the latest data, $305.43 million was liquidated across crypto derivatives exchanges when bitcoin dipped below $57,000. One analyst predicts that with the Mt Gox and German government sell-offs, “supply will likely outstrip demand.” Conversely, QCP Capital notes that...
Bitcoin Price Fluctuates as Mt. Gox Begins BTC Activity
4.7.2024
As the cryptocurrency market braces for the billion-dollar Bitcoin repayment from Mt. Gox, recent wallet activity has sparked discussions. While the movements are small, they’ve ignited speculation about the timing and method of the upcoming massive payout. Decoding the Recent Bitcoin...
Bitcoin Dips to $56,952 as Market Reacts to Mt Gox and German BTC Moves
4.7.2024
On Thursday, July 4, 2024, the price of bitcoin fell below $57,000, reaching a low of $56,952 at 5:20 a.m. EDT. There is widespread speculation about the Mt Gox distribution and the German government’s transfer of approximately 3,000 bitcoin to unidentified wallets, Coinbase, Bitstamp,...
Bitcoin Nosedives Under $58K Amid Mt. Gox, German Government Wallet Movements
4.7.2024
A wallet belonging to a German official entity moved its largest stash of BTC to exchanges earlier today, while Mt. Gox wallets showed activity for the first time in a month
Mt. Gox Doomsday Scenario Involves Bitcoin Cash, Not Bitcoin: Analyst
4.7.2024
Selling pressure from Bitcoin Cash (BCH) and lack of liquidity is the story to watch once Mt. Gox begins redemptions, writes Presto Research
First Mover Americas: Bitcoin Falls to $60K as Mt. Gox Overhang Looms
3.7.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for July 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
What pushed Bitcoin price below $60K? Charts point at potential Mt. Gox repayment
3.7.2024
Bitcoin has been in a downtrend since the beginning of June, struggling to gain upward momentum despite positive ETF inflows
3 reasons why Bitcoin (BTC) is up today
1.7.2024
Weak tech corporate earnings, spot Bitcoin ETF inflows, and the potential arrival of a new major investor drove Bitcoin price above $63,000
History suggests Bitcoin poised for rebound in July
1.7.2024
Bitcoin tends toward strong performance in July, but Mt. Gox is weighing on hopes of a rebound
3 things that can spoil a potentially bullish July for Bitcoin
30.6.2024
BTC price is likely to face headwinds in July from Mt. Gox repayments that could result in a "bull pennant" breakdown on the charts
Crypto Markets To See Selling Pressure in July From Mt. Gox Creditors: JPMorgan
27.6.2024
If most of the liquidations by Mt. Gox creditors occur next month, crypto markets are expected to sell off in July then rebound in August, the report said