Mt. Gox Moves Over 8000 Bitcoin (BTC) and the Cryptocurrency Market Bleeds

[Henrikbliss]

The now-defunct Japanese cryptocurrency exchange, Mt. Gox, have reportedly moved over 8000 bitcoin from its cold storage, while the cryptocurrency market bloodbath continues.

It was reported two weeks ago that Mt. Gox moved 16000 BTC from their cold storage to various accounts. The Mt. Gox’s account reportedly moved 2000 BTC eight times to several accounts. This time almost 8214 BTC has been moved from the cold storage account to an unidentified wallet.

Read More: https://news.bitzamp.com/mt-gox-moves-over-8000-bitcoin-btc-from-cold-storage-and-the-cryptocurrency-market-bleeds/

[altcoingamer]

Wish theyd just sell them and have it over with.. not sure why this would affect price though.. wouldn't they use some OTC whale to move the tokens or Kraken which has an OTC option for large amounts?  Shouldn't really be this disruptive.. just people being silly.

[Deci9]

 I think Mt. Gox is behind the bearish movement of the cryptocurrency market. Whenever they release some of their holdings the market bleeds.

[cowz]

These mt gox idiots are really annoying. They always crash the market whenever they move their bitcoins due to everyone quickly selling before the market crashes

[felixesteban]

Mt. Gox has literally been a nuisance to the market. This is going to take a while until the crypto they have is finished. Whenever the market moves forward, it is taking a serious blow by Mt gox sales.

[Thadeous]

During last month about 53,000 BTC was transferred to one of the biggest Bitcoin wallets, that belongs to Binance.
Some whale sells a lot of big coins.

[Alcor]

However, Mt. Gox from Tokyo still has 180,000 bitcoins, which he is going to sell in order to pay off his creditors. And he said that it would be around September. So, it seems that after September we can not see the growth of bitcoin, and with it the market.