Mt. Gox Transfers 45,511 Bitcoins to Repay Creditors, BTC Selloff Looms

Crypto exchange Mt. Gox has recently moved a staggering 45,511 Bitcoins in the past two hours while preparing for the next phase of creditor repayment. After a strong 5% drop yesterday, the Bitcoin price is now flirting around $66,000 down by a minor 0.5% at press time. As per data from Spot on Chain, crypto exchange Mt. Gox has moved 45,511 Bitcoin to three different wallets worth a staggering $3.15 billion. Since July 5, the crypto exchange has transferred a total of 61,559 BTC worth $3.88 billion for creditor repayment. Throughout the creditor repayments this month, the Bitcoin price has shown strong volatility.

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