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BTC Rally Fades on Mt. Gox Transfers
Bitcoin prices have come under fresh selling pressure today. Following a firm push higher yesterday, BTC futures have shed almost 5% from Monday’s peak. The driver behind the move is news that the failed crypto exchange Mt. Gox is beginning to offload the roughly $9 billion worth of Bitcoin held in its bankruptcy estate. Mt. Gox Crypto Moves On Watch According to data from industry analytics group’s CryptoQuant and Arkham Intelligence, all 137k units of Bitcoin were moved from the exchanges wallet to begin the process of returning them to creditors. The key question now is whether those receiving the digital ... (full story)