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BTCUSD Dives as Mt. Gox Wallet Movements and Corporate Selling Trigger Supply Fears

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Defunct exchange Mt.
  • Gox moved $739 million in Bitcoin, sparking fears of imminent creditor sell-offs.
  • Additionally, corporate holders like Strategy and ProCap Financial have offloaded portions of their holdings, contributing to downward pressure on Bitcoin as it slips below the $70,000 threshold.
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BTCUSD price history

76166.37 +13.69% over the displayed period

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