Reported about 1 year ago
Bitcoin drops to its lowest level since late February as Mt. Gox moves a significant amount of BTC to a new wallet, potentially preparing for creditor repayments. This move has caused concern among traders about potential mass selling pressure once creditors receive their assets stolen in a 2014 hack. BTC has declined by 10% in a week and 22% in a month, with horizontal support turning into resistance and bears gaining control below key levels.
Source: YAHOO