May 25, 2025

Mt. Gox Bitcoin Transfers Trigger Market Slump as BTC Drops Below $63,000

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Bitcoin’s price has sharply declined to below $63,000 amid fresh BTC transfers linked to the now-defunct Mt. Gox exchange. Market specialists have pinpointed the decline to the exchange’s initiatives to repay its creditors, leading to a brief 3% drop. Notably, this decline follows Bitcoin’s recent attempt to surpass the $65,000 mark during early trading hours

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Source: CoinOtag

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