Mt. Gox moved 12,000 BTC to a new address, and 1,265 BTC were deposited into a cold wallet, leaving 46,164 BTC, valued at $2.73 billion.
Bitcoin’s 56% dominance led major markets since the 5th of August.early days, has continued its slew of transfers, recently moving 13,265 BTC worth $784 million.
This movement by Mt. Gox could significantly influence future Bitcoin prices and chart patterns, especially as BTC’s current momentum slows.Following these developments, Bitcoin started trading near its daily 200 exponential moving average at press time — a key level at around $63,000 — which also aligns with its local highs.
After Mt. Gox transferred 13,000 BTC to exchanges, Bitcoin began a small rally, but the king coin must close above the 200-day and 20-day EMAs or maintain a price over $60,000 to confirm strength. Altcoins also held firm during yesterday’s sell-off, indicating that Bitcoin and the broader crypto market are likely to rally in the coming months.Bitcoin’s dominance in the market was growing, making up 56% of the total cryptocurrency market capitalization at press time.
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