Mt. Gox Cold Wallet Transfer Sparks Market Concerns
The post Mt. Gox Cold Wallet Transfer Sparks Market Concerns appeared first on Coinpedia Fintech News
The Mt. Gox issue is not over yet as today, 42,587 BTC worth $2.85 billion was transferred from the Mt. Gox cold wallet. Of these, approximately 37,000 will be repaid to repay creditors. There have been several Mt. Gox repayment issues recently, but the market has handled them easily. As a result, the price temporarily fell and is currently hovering around $66.7K. This price range is very close to the average purchase price of $66.5k for 1-3 month BTC holders. If that support breaks down, the average purchase price range of 3-6 month holders should be watched at $63.6k.
