Loading...
Market
Impact on BCH price following Mt. Gox transfers
4
Resolution / Starting Odds
No Impact • 25%
Increase • 25%
Decrease • 25%
Significant Volatility • 25%
Cryptocurrency exchange data and financial news outlets
Story
Mt. Gox Moves $9.6 Billion in Bitcoin, Causing 2% Dip Amid Repayment Plan
May 28, 2024, 06:00 AM
Mt. Gox, the defunct cryptocurrency exchange, has moved a significant portion of its Bitcoin holdings for the first time in over five years. Approximately $9.6 billion worth of Bitcoin, totaling 141,686 BTC, has been transferred to new addresses, including a transfer of 12.24K BTC worth $843.59 million. This move is part of the exchange's plan to repay creditors, with the repayment deadline set for October 31, 2024. Additionally, Mt. Gox has also moved 142,846.22 BCH to new addresses, totaling approximately $67.9 million. The transfers have caused a notable impact on the market, with Bitcoin prices dipping by 2% following the news.
View original story
Similar markets
Increase volatility • 33%
Decrease volatility • 33%
No significant change • 34%
Positive impact • 33%
No significant impact • 33%
Negative impact • 34%
Increase in Bitcoin market stability • 33%
Decrease in Bitcoin market stability • 33%
No significant change in market stability • 33%
Increase • 50%
Decrease • 50%
Increased trust • 33%
No change in trust • 33%
Decreased trust • 34%
BTC market most affected • 25%
ETH market most affected • 25%
SOL market most affected • 25%
No significant impact on any market • 25%
Private wallets • 33%
Exchange platforms • 33%
Investment funds • 33%
Significant Increase • 33%
No Change • 34%
Decrease • 33%