Investing.com– Bitcoin price slid on Wednesday as Mt Gox appeared to have mobilized about $2 billion worth of tokens, raising concerns over more distributions from the defunct crypto exchange.
Broader risk sentiment also cooled as Wall Street snapped an eight-day winning streak, with traders now seeking more positive cues to extend a mid-August rebound rally.
dropped 2% to $59,570 by 09:07 ET (13:07 GMT) after failing to hold above the $60,000 support level.
Mt Gox seen moving $2 bln tokens, distribution fears persist
A wallet associated with Mt Gox was seen mobilizing about $2 billion worth of Bitcoin, potentially preparing for more token distributions.
The defunct exchange began returning tokens stolen during a 2014 hack back to clients in early-July, and had initially triggered steep losses in Bitcoin’s price by sparking fears of increased supply and a mass sale event.
But…
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