Bitcoin price declined by 2.58% in the last 24 hours, slipping down to $58.6K.
Mt. Gox has moved 13,265 BTC worth $784 million.
Bitcoin (BTC) has fallen below $59,000 again, leaving traders and investors anxious with its intense consolidation phase. The largest cap cryptocurrency has been in a crisis to maintain its position above the $60,000 price level.
Despite breaking the resistance, BTC signals a brief bearish rally by sliding down to $58,610 after a 2.58% drop in the last 24 hours. As of the current 24-hour timeframe, this dip was triggered by Mt. Gox’s transfer of 13,265 BTC worth approximately $784 million after being dormant for a few weeks. Moreover, as per Arkham Intelligence data, Mt. Gox still has 46,164 BTC in its possession, valued at around $2.74 billion.
Meanwhile, it is crucial to note the BTC’s market sentiment in the fear zone as the Fear and Greed Index stays at 26. At the time of writing, BTC traded at $59,395, and the daily trading volume has d
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