Reported 4 months ago
Bitcoin prices decreased as traders kept a close eye on transfers from wallets linked to the bankrupt Mt. Gox exchange, aiming to return a $9 billion hoard of Bitcoin to creditors. The digital currency fell by 3.1% to approximately $68,199, affecting other cryptocurrencies like Binance Coin, Polkadot, and Dogecoin. Mt. Gox's wallets holding over 137,000 Bitcoin were moved on Tuesday, raising concerns about potential sell-offs that could pressure Bitcoin’s value, despite insights indicating the impacts may be short-term with the focus shifting to favorable U.S. cryptocurrency regulations.
Source: YAHOO