{"id":34299,"date":"2024-07-16T08:16:38","date_gmt":"2024-07-16T08:16:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/mt-gox-moves-bitcoin-worth-nearly-2-8-billion\/"},"modified":"2024-07-16T08:16:38","modified_gmt":"2024-07-16T08:16:38","slug":"mt-gox-moves-bitcoin-worth-nearly-2-8-billion","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/mt-gox-moves-bitcoin-worth-nearly-2-8-billion\/","title":{"rendered":"Mt. Gox moves Bitcoin worth nearly $2.8 billion"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/shutterstock_182105582-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/shutterstock_182105582-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/shutterstock_182105582-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/shutterstock_182105582-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Mt.Gox has moved over 44,500 BTC worth over $2.8 billion to an internal wallet.<\/span><\/li>\n<li>The price of BTC fell slightly after the transfer, retreating to around $62,835.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">On-chain data shows a wallet linked to Mt. Gox has just moved close to $2.7 billion worth of <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The huge transfer comes as Bitcoin price looks to hold gains seen since last weekend\u2019s attempted assassination of Donald Trump.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Mt.Gox transfers over $2.7 billion in BTC<\/span><\/h2>\n<p><span style=\"font-weight: 400\">On Tuesday, Lookonchain <a href=\"https:\/\/x.com\/lookonchain\/status\/1813103427863650726\" target=\"_blank\" rel=\"noopener\">shared<\/a> details of a large BTC transfer. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Citing data tracked by blockchain analytics firm Arkham, the platform said the transfer originated from the wallet of defunct crypto exchange Mt. Gox.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The said Mt. Gox wallet moved over 44,500 BTC worth over $2.84 billion, with this going to an internal wallet. Market anticipation is that the exchange\u2019s trustee could be preparing for a repayment round following an announcement in late May.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Mt. Gox moved 47,000 bitcoins last month ahead of the expected repayments commencement date this July. As then, Tuesday\u2019s transfer saw the price of BTC slip slightly from above $63,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Analysts at Bitfinex said in a report on Monday that while positive news will continue to dictate BTC movement, the threat of fresh sell-off pressure remains. Mt. Gox, which currently holds 138,985 BTC worth over $8.8 billion, is likely to be one source of this anticipated downside pressure.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cCrypto asset prices in general in the current period have been determined by the news agenda, rather than fundamentals. Selling pressure concerns have not completely disappeared as Mt. Gox creditors are also scheduled to receive their BTC payouts over the next couple of weeks. We expect these headlines to continue to have some impact on price before a complete pricing in of the situation,\u201d Bitfinex analysts <a href=\"https:\/\/blog.bitfinex.com\/wp-content\/uploads\/2024\/07\/Bitfinex-Alpha-113.pdf\" target=\"_blank\" rel=\"noopener\">wrote<\/a> in the weekly report.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitcoin currently trades around $62,835.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/mt-gox-moves-bitcoin-worth-nearly-2-8-billion\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Mt.Gox has moved over 44,500 BTC worth over $2.8 billion to an internal wallet. The price of BTC fell slightly after the transfer, retreating to around $62,835. On-chain data shows a wallet linked to Mt. Gox has just moved close to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":34300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34299"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34299"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34300"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}