MT. GOX - Crypto update

Crypto's largest Liquidation Event since FTX? - Do we have lower to go?

Author

Sama Dharma
July 05, 2024

Video update by me for premium subscribers below!

If you’re a free subscriber and unfamiliar with Mt.Gox and how it’s affecting the markets, check out the articles below.

And if you’re ultimately wondering my opinion - No, Bitcoin is not (yet) in a bear market.

The S&P, NASDAQ & Dow are still headed where they are headed as discussed here.

Mt. Gox is a crypto specific event.

And now, this old energy/event is clearing itself out of the crypto ecosystem.

Overall, that’s a good thing.

Mt. Gox Is Finally Repaying Customers, So Why Are Bitcoin Investors Nervous?

A failed cryptocurrency exchange is finally trying to repay its customers after more than a decade, but that's making bitcoin investors nervous. Here's why.

www.investopedia.com/mt-gox-is-finally-repaying-customers-so-why-are-bitcoin-investors-nervous-8668024

Mt. Gox moves $2.7B in Bitcoin to new wallet address

The collapsed crypto exchange has started transferring significant volumes of Bitcoin ahead of its planned repayments to creditors.

cointelegraph.com/news/mt-gox-moves-billions-bitcoin-unknown-wallet-address

Bitcoin dips below $57,000 as Mt Gox starts moving billions worth of BTC

Bitcoin price fell further below the $57,000 mark on Thursday night after Mt Gox moved nearly 47,229 BTC to another wallet address.

www.theblock.co/post/303594/bitcoin-dips-mt-gox-moves-btc

Remember to manage your risk, as markets will only get more and more volatile over the coming years.

-S

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