Mt. Gox wallet moves 12,000 Bitcoin amid market volatility
The exchange of MT. Gox, the MT. Gox, changed for $ 1 billion in Bitcoin, marking its first major transaction in more than a month.
On March 6, the Blockchain Arkham Intelligence analysis company reported the 12,000 bitcoin movement (BTC) from a portfolio linked to GOX MT. (1PUQB). The transaction, which only cost $ 1.64 in fees, distributed 166.5 BTC (~ 15 million dollars) to cold storage (1JBez), while the remaining 11,834 BTCs were sent to an unknown portfolio (1MO1N).
The portfolios affiliated with Gox MT. now contain approximately 36,080 BTC, worth around 3.26 billion dollars, according to Arkham Intelligence data.
This is the first activity of these portfolios since a minor transfer of 4 BTC between cold storage addresses in January. The reason for the last transaction remains clear. In December, Mont Gox moved 1,620 BTC through unidentified addresses, just weeks after shift More than 24,000 BTC.
After losing more than 800,000 Bitcoin, Mont Gox, once the biggest Bitcoin exchange, fell in 2014. The creditors are still looking for reimbursements after years of a prolonged bankruptcy process.
The recovery deadline was recently extended From October 31, 2024 to October 31, 2025 by the trustee in charge of the Mont Gox funds. Some creditors are still waiting for Bitcoin or Bitcoin Cash (Bch) disbursements, while others have already received reimbursements from Fiat.
While the previous bitcoin movements linked to MT. Gox caused the market reactionsCurrent transfers did not have a significant immediate effect on BTC prices. Merchants, however, always be wary of possible sales if complete reimbursements begin.
This development comes as the trade rates of US President Donald Trump, who entered into force on March 4, cause the volatility of the cryptocurrency markets and disturbing risk assets. This week, Bitcoin fluctuated, culminating at $ 94,769 on March 3 and falling at $ 82,681 on March 4 in the midst of Trump’s prices.
According to Crypto.News Price trackerIt has again exceeded $ 90,000 and is currently negotiating at $ 91,224, up 4% in the last 24 hours.
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