Leading cryptocurrencies dipped Tuesday as defunct cryptocurrency exchangeMt. GoxmovedBitcoinsworth more than $780 million.
Cryptocurrency | Gains +/- | Price (Recorded 9:15 p.m. EDT) |
Bitcoin (CRYPTO: BTC) | -2.40% | $59,075.20 |
Ethereum (CRYPTO: ETH) | -3.00% | $2,578.99 |
Dogecoin (CRYPTO: DOGE) | -0.10% | $0.103 |
What Happened: Bitcoin fell from the high $60,000s to below $59,000 in early trading before a slight rebound and consolidation in the $59,000–$59,600 region.
Late evening, a wallet linked to Mt. Gox transferred about 13,265 BTC, or $784 million, to two separate addresses, with 12,000 BTC going into a new address.
The bankrupt exchange started liquidating its $9 billion worth of BTC stash in July as part of its payout obligations to creditors. As of this writing, nearly $2.7 billion in BTC was still in Mt. Gox's custody.
Ethereum also dipped...