CRYPTOCURRENCY PRICE CRASH PREDICTED AS BANKRUPT BITCOIN EXCHANGE MT GOX MOVES $144M WORTH OF COINS

April 27, 2018

 

The now defunct cryptocurrency exchange Mt Gox has moved 16,000 bitcoins from its vaults to an unknown address, sparking concerns of an imminent price crash. Such a large movement of cryptocurrency is anticipated to have a significant affect on markets. Mt Gox has previously offloaded around $500 million worth of bitcoin, with each sale usually being reflected by severe drops in cryptocurrency markets.

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