Bitcoin dips below $55K as Mt. Gox moves 47,229 BTC

Mt. Gox has moved over forty-seven thousand BTCs from its cold wallet to an unknown one, and Bitcoin has tumbled. Hard. For the first time since February, the king of cryptocurrencies has dipped below $55,000. Over $110 million was liquidated in the market in only an hour. Mt. Gox’s transaction, valued at approximately $2.71 billion

Source: Cryptopolitan