Bitcoin price has marked a notable decline of 8.55% over the last 24 hours.
BTC market enters an intense fear zone as the fear and greed index drops to 29.
Bitcoin, the leading cryptocurrency, has continued to show a downtrend for the last month. BTC hit its four-month low, declining 8.55% to $53,485. The noted decline and selling pressure are paralleled with the defunct crypto exchange Mt. Gox’s Bitcoin repayments to its creditors.
Mt. Gox wallets actively moved 47,229 BTC worth $2.7 billion to another wallet yesterday, according to Arkham Intelligence. As reported by PeckShieldAlert, the defunct exchange transferred 1.55K BTC, worth $85 million, to Bitbank.
The exchange went bankrupt in early 2014 with a loss of an estimated 740K Bitcoin, and the ten-year-old wait ended as Mt. Gox began the repayments through the Rehabilitation Trustee. Currently, its BTC holdings total up to 141.687K BTC, valued at $7.68 billion. Their recent BTC transaction is valued at around 15
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