$1 Billion Bitcoin Transfer From Mt. Gox Sends Crypto Markets Into Turmoil

Mar 7, 2025 06:00 am Cryptocurrency 133

Key Takeaways:

Market concerns have been reignited as Mt. Gox transferred over $1 billion in Bitcoin to an unknown wallet.

The transfer is probably related to long-promised repayments to creditors from the exchange’s collapse in 2014.

Although sell-off risk may induce short-term randomness, these factors will hardly trigger a catastrophic crash, especially given the trading volume around Bitcoin.

The specter of Mt. Gox still looms over the crypto market. The now-defunct exchange recently moved a sizeable amount of Bitcoin, causing both alarm and speculation around the community. This news comes amid ongoing market volatility, raising some questions regarding potential impact on the price of Bitcoin.

A Billion-Dollar Shuffle

Arkham Intelligence identified a transfer of 12,000 Bitcoin from a Mt. Gox-linked wallet on March 6, 2025. With a value of over $1 billion at the time of the transa ..

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