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Jacob King, an analyst at WhaleWire, wrote on X that "BTC price continued to fall as the German government sold off its BTC holdings. The previous day, some maximalists circulated news that the German government was buying BTC again, which is not true. It's just that some

Alex Thorn, Head of Research at crypto trading firm and asset manager Galaxy, said: "Mt. Gox's outward transfer of 47,228 BTC is not expected to be the start of the redemption. The address that received the funds is in P2PKH (pay-to-public-key-hash) format, whereas the redemption funds

According to Bitcoin Blockchain Explorer mempool data, an address labeled as Mt. Gox (starting with 1HeHLv) transferred approximately 47,228 BTC (worth $2.68 billion) to a new address (starting with 1L7Xbx). Mt. Gox will reportedly return a total of 142,000 BTC, 143,000 BCH, and 69 billion yen

The minutes of the June 2024 meeting of the Federal Open Market Committee (FOMC), released by the U.S. Federal Reserve, show that a majority of FOMC members said that economic growth is gradually cooling and that policy should be prepared to respond to unexpected economic weakness. Members assessed that

"While Mt. Gox is holding around 142,000 BTC, the actual amount that will be distributed to the market is likely to be closer to 75,000 BTC," says Luke Nolan, an analyst at Coinshares, a European digital asset manager, in a report titled "Mt. Gox Redemption

Andrew Kang, co-founder of crypto investment firm Mechanism Capital, told X: "The current market is similar to May 2021. However, this time around, we don't have the massive crypto futures liquidation that we had back then. Given this, my previous BTC price forecast of $50,000 is