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The Defiant 2025-03-25 21:35:01

Mt. Gox Transfers 11,501 BTC Worth $1.01 Billion, Including 893.4 BTC for $78.11M; Bitcoin Prices Near $86,000

Mt. Gox Transfers 11,501 BTC Worth $1.01 Billion, Including 893.4 BTC for $78.11M; Bitcoin Prices Near $86,000

Mt. Gox, the defunct Japanese cryptocurrency exchange, has executed a large transfer of Bitcoin, moving a total of 11,501 BTC, valued at approximately $1.01 billion. This transaction includes the transfer of 893.4 BTC, worth about $78.11 million, to a related hot wallet, and 10,608 BTC, valued at around $927.48 million, to a new cold wallet address. The transfers are part of the compensation claim process for creditors. Following these movements, Bitcoin prices have fluctuated, trading near $86,000, with some reports indicating a slight decline to $86,700. Despite the substantial transfer, the market has shown resilience, with derivatives activity cooling while spot volume increased by 8.69%. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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