Bitcoin Price Plummets as Massive Transfer from Mt. Gox Cold Wallet Shakes Market
Tuesday, 28 May 2024, 14:31
Bitcoin Price Falls Below $68,000
Bitcoin faced a sharp decline as it dropped below the $68,000 mark following a massive transfer worth $9.6 billion from Mt. Gox's cold wallet. The sudden movement in price has raised concerns and volatility in the cryptocurrency market.
Transfer from Mt. Gox Cold Wallet
The $9.6 billion transfer from Mt. Gox's cold wallet has led to a significant drop in Bitcoin's value, creating uncertainty among investors. The market reaction reflects the impact of historical events on current cryptocurrency trends.
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