Coin

<ul class="news-points">
 <li><strong>Lookonchain spotted transaction activities on the Mt. Gox wallet.</strong></li>
 <li><strong>Bitcoin slipped below significant support following the Mt. Gox minor transfer.</strong></li>
 <li><strong>Crypto users suspect Mt. Gox is preparing for the BTC distribution</strong></li>
</ul>
<p>The Lookonchain crypto analytics platform spotted transaction activity on the Mt. Gox wallet in the early hours of Monday. In a recent post on X (formerly Twitter), the analytics platform noted that the wallet transferred a relatively small amount of Bitcoins, 0.021 BTC, worth $1,390, to a new wallet.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">Mt. Gox transferred 0.021 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($1.39K) to a new wallet 10 minutes ago, which may be preparing for repayment.<a href="https://twitter.com/hashtag/MtGox?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MtGox</a> currently holds 90,344 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($6.11B).<a href="https://t.co/f2q66eQNuk" target="_blank" rel="noopener noreferrer nofollow">https://t.co/f2q66eQNuk</a> <a href="https://t.co/QzBGFn3y1h" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/QzBGFn3y1h</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1815273824436515231?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 22, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Meanwhile, Mt. Gox currently holds 90,344 BTC, equivalent to $6.11 billion, and crypto users suspect the recent transfer may be in preparation for the long-awaited repayment to customers affected by the crypto exchange hack several years ago.</p>
<p>Bitcoin fell below the 0.786 Fibonacci retracement level on the daily chart in an early reaction to the development. The flagship crypto dropped 1.85% over a short pe…</p>
<p>The post <a href="https://coinedition.com/mt-gox-wallet-stirs-bitcoin-market-repayment-fears-trigger-price-dip/" rel="noopener noreferrer nofollow">Mt. Gox Wallet Stirs Bitcoin Market: Repayment Fears Trigger Price Dip</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Mt. Gox Wallet Stirs Bitcoin Market: Repayment Fears Trigger Price Dip

Coin Edition

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