Defunct Mt. Gox Exchange Stirs Crypto Market with Massive Bitcoin Move

Mt Gox has transferred another $49.3 million across wallets.

Without description, market watchers consider this a likely selloff move.

Despite this movement, price remain resilient, buoyed by institutional investors.

Mt. Gox Bitcoin Transfers Continue to Rattle Markets

JUST IN: MT GOX MOVING MORE BTC

Mt. Gox moved $49.3M in Bitcoin this morning, distributing $19M to two fresh wallets, and moving $30.6M into the final wallet 1MVm.

Mt. Gox currently holds $3.45B in Bitcoin. pic.twitter.com/B8mqhf7lLQ

— Arkham (@arkham) December 23, 2024

JUST IN: MT GOX MOVING MORE BTC

Mt. Gox moved $49.3M in Bitcoin this morning, distributing $19M to two fresh wallets, and moving $30.6M into the final wallet 1MVm.

Mt. Gox currently holds $3.45B in Bitcoin.

— Arkham (@arkham)