Bitcoin (BTC) is up over 3% on Tuesday as investors reacted positively to the final lap of Mt.
Bitgo moves $2 billion worth of Mt. Gox BTC after performing a test transaction. Glassnode data shows that long-term BTC holders are maintaining their holdings as selling pressure has reduced. Metaplanet announced that it had acquired 57.1 BTC worth $3.3 million. Bitcoin is up over 3% on Tuesday as investors reacted positively to the final lap of Mt. Gox supply pressure. Meanwhile, Glassnode data reveals investors have resumed accumulation, hoping to see Bitcoin record higher prices. Mt.
Bitgo has just moved $2B of Mt. Gox BTC. pic.twitter.com/3aPFPhmGGN — Arkham August 13, 2024 The transfer triggered mixed reactions from market participants. While some saw it as a bearish move, others expressed bullish sentiment, speculating that Bitcoin could attempt a move back into the $70K zone. The bullish sentiment seems to be slightly prevailing, as Bitcoin has been up over 3% in the past 24 hours.
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