Bitcoin’s 30-day correlation with the NASDAQ 100 has reached 70%, indicating that it is increasingly influenced by macroeconomic factors like the tech sector. Analysts at Matrixport suggest this trend may not last, hinting at a potential divergence from tech stocks soon. Additionally, the upcoming movement of $1 billion in Bitcoin by Mt. Gox could create ...
Bitcoin’s recent correlation with the NASDAQ 100 has reached 70%, indicating increased sensitivity to broader economic factors. Analysts from Matrixport express concerns that this high correlation might not last, suggesting a possible divergence from tech stocks soon. Meanwhile, the impending movement of $1 billion in Bitcoin from the defunct Mt. Gox exchange could add downward ...
Mt. Gox has conducted a significant transaction, moving 11,502 Bitcoin valued at over $1 billion. This transfer coincided with Bitcoin’s price surge, reaching $87,000, but surprisingly, the Market has shown minimal reactions to such large movements. Of the Bitcoin transferred, approximately $927 million was sent to an unknown wallet. Mt. Gox, once a major cryptocurrency ...
The bankrupt crypto exchange Mt. Gox has recently transferred 11,501 Bitcoin, marking its third major transaction in less than a month. On March 25, Blockchain analytics firm Arkham Intelligence reported that Mt. Gox sent 893 Bitcoin worth approximately $78 million to a cold wallet and another 10,608 Bitcoin valued at around $929 million to a ...
Mt. Gox, the once-leading cryptocurrency exchange, recently transferred 11,501 Bitcoin, valued at around $905 million, to an unmarked wallet. This comes as the deadline for repaying creditors has been extended to October 2025. The move follows a previous transfer of over $1 billion to another wallet linked to the exchange. Currently, Mt. Gox controls about ...
Mt. Gox, the now-insolvent Bitcoin exchange, has made headlines by transferring 11,833.6 BTC, worth about $931 million, to new wallets, raising concerns within the crypto community. According to blockchain research, this move includes two major transactions: one sending over 11,500 BTC to an unknown wallet and another transferring 332 BTC to a hot wallet. Historically, ...
Mt. Gox, once the largest Bitcoin exchange, has recently moved 11,833.6 BTC, valued at about $931 million, to new wallets. This transfer, involving significant amounts of Bitcoin, has stirred discussions within the cryptocurrency community. Notably, almost $1 billion had already been sent to a specific wallet earlier this month. While Mt. Gox’s total holdings are ...
The cryptocurrency Market has seen a drop in capitalization to $2.75 trillion, following a 4% decline on Tuesday. Ethereum, Dogecoin, and Chainlink are among the biggest losers in the top 20 assets. A $930 million Bitcoin transfer from the now-defunct Mt. Gox exchange raised concerns about a potential sell-off, leading to Bitcoin’s price falling to ...
Recently, Bitcoin linked to the defunct Mt. Gox exchange moved significantly, stirring speculation about possible creditor payouts. On Tuesday, a Mt. Gox wallet transferred nearly 11,834 BTC, valued around $930 million, with a portion going to an operations wallet, potentially for creditor distributions. This movement follows a recent $1 billion reshuffling of assets and a ...
The bankrupt crypto exchange Mt. Gox has begun moving Bitcoin again, shifting 12,000 BTC worth over $1 billion during a week of Market fluctuations. According to Arkham Intelligence, this is the first significant transaction in a month, following a series of smaller transfers. In addition to the 12,000 BTC, 166.5 BTC was sent to a ...
