Binance News
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Mt. Gox transfers 6620 BTC, market not significantly affected
According to Decrypt, an address of the closed cryptocurrency exchange Mt. Gox transferred about 6,620 BTC, worth about $352.7 million, a day after the exchange also conducted $2.8 billion worth of Bitcoin transactions.
Market data shows that Bitcoin prices have been roughly sideways since trading, with no significant impact, and are currently trading 4.8% lower than yesterday. Analyst Min Jung noted that Mt. Gox announcements usually lead to market declines, but recent positive sentiment and a one-year deferral of creditor repayments have reduced selling pressure.
Obchakevich believes that the maturity of the market and increased liquidity make the $353 million transaction have little impact on market volatility. Mt. Gox's wallet still holds 39,705 BTC, worth nearly $3.9 billion.
Market data shows that Bitcoin prices have been roughly sideways since trading, with no significant impact, and are currently trading 4.8% lower than yesterday. Analyst Min Jung noted that Mt. Gox announcements usually lead to market declines, but recent positive sentiment and a one-year deferral of creditor repayments have reduced selling pressure.
Obchakevich believes that the maturity of the market and increased liquidity make the $353 million transaction have little impact on market volatility. Mt. Gox's wallet still holds 39,705 BTC, worth nearly $3.9 billion.
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