BTC Falls Below $69K After $9 bn Mt. Gox Transfer
By Kapil Rajyaguru
Bitcoin fell below $69,000 after wallets belonging to Mt. Gox transferred $9 billion worth of BTC to an unknown address.
The transaction is possibly part of a plan to repay creditors by Oct. 31. BTC dropped as low as $67,680, a decline of over 1.5% in the last 24 hours, following the transfer having climbed above $70,000 on Monday. Bitcoin subsequently seemed to shrug off the dip to reclaim $68,500 during Tuesday Asian morning trade, largely unmoved in the last 24 hours.
Solana validators are set to get a little more SOL tokens after a governance proposal to give them 100% of priority fees was passed late Monday with 77% in favor. In the previous model, half of the fees in a priority transaction were erased while the other half went to the validators. SOL has increased by around 1.15% in the last 24 hours, trading at about $167.70.
Most larger-cap alts have also turned red today. Ethereum leads this adverse trend with a near 2% drop that has driven it from yesterday’s peak at around $3,950 down by $100. Binance Coin, XRP, DOGE, TON, ADA, AVAX, TRX, and DOT also have minor losses.
Bitcoin Cash has dumped the most from the top 20 alts, losing 4.5% of its value in a day. ARB has dumped by 5.5%, followed by PEPE’s 4.4% drop after the meme coin’s latest ATH charted yesterday. In contrast, stands Chainlink’s LINK. The asset has jumped by about 6% in a day and trades above $18 now.
The global crypto market cap is $2.57T, a 0.21% increase over the last day. The total crypto market volume over the last 24 hours is $93.54B, which makes a 8.19% increase. The total volume in DeFi is currently $6.47B, 6.91% of the total crypto market 24-hour volume. The volume of all stable coins is now $87.43B, which is 93.47% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 52.55%, a decrease of 0.05% over the day.
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