Mt. Gox's BTC billions on the move ⛰️

Bitcoin slipped Tuesday after Mt. Gox wallets moved $9 billion worth of BTC.

Author

Stephen Graves
May 28, 2024

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📝 What you need to know

Bitcoin slipped Tuesday morning after a wallet belonging to defunct Bitcoin exchange Mt. Gox moved more than $9 billion worth of BTC to an unknown wallet yesterday.

Bitcoin holders braced themselves for an imminent market dump, but the defunct exchange’s former CEO Mark Karpelès assured followers that there was “no imminent sale” of Mt. Gox’s Bitcoin on the cards.

The news comes just a day after Bitcoin inched past $70,000 on news that Argentina opened discussions with El Salvador on the country’s experience with using Bitcoin as legal tender.

Bitcoin Falls After Mt. Gox Wallets Move $9 Billion Worth of BTC

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