Articles for tag: Bitcoin exchange, BTC transfer, Cryptocurrency market, investor reactions, Mt. Gox, security breach, sell-off concerns

Market News

Mt. Gox Liquidation Triggers Market Concerns: What Traders Need to Know

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, ...

Market News

Market Fears of Silk Road Sale Impact on Bitcoin Prices Overblown, Says Van Straten Insights on Selling Pressure

Bitcoin’s recent drop of $10,000 to $92,000 has raised concerns about the end of its bull run, particularly as it struggles to stay above the important psychological barrier of $100,000. Reports indicate that the U.S. Department of Justice may liquidate 69,370 BTC, worth around $6.5 billion, seized from the Silk Road marketplace. However, experts suggest ...

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