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


mt gox moves $144m worth of bitcoin

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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