{"id":3818,"date":"2024-12-06T02:36:47","date_gmt":"2024-12-06T02:36:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3818"},"modified":"2024-12-06T02:36:47","modified_gmt":"2024-12-06T02:36:47","slug":"bitcoin-hits-100k-and-mt-gox-makes-a-2-4-billion-power-play","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3818","title":{"rendered":"Bitcoin Hits $100K \u2013 And Mt. Gox Makes A $2.4 Billion Power Play"},"content":{"rendered":"
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Finally, Bitcoin has barreled past the $100,000<\/a> threshold, a level predicted by many crypto analysts in the last few months.<\/p>\n

A longtime inactive cryptocurrency exchange rode on the BTC price surge and transferred more than 24,000 coins to a new wallet.<\/p>\n

\"\"<\/p>\n

Bitcoin Reaches A Milestone<\/strong><\/h2>\n

Analysts said that after a long wait, Bitcoin got enough momentum to push its price beyond the $100,000 mark. This is the first time that the firstborn crypto was able to reach that level.<\/p>\n

At 3:08 a.m. today, Bitcoin recorded $104,000, a new all-time high for the alpha crypto.<\/p>\n

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Mt. Gox transferred 24,052 $BTC<\/a> ($2.43B) to a new wallet, \u201c1N7jW,\u201d an hour ago, right after the $BTC<\/a> price broke through the $100K milestone.<\/p>\n

However, the new wallet is likely just an internal address.<\/p>\n

Currently, Mt. Gox still holds 15,826 $BTC<\/a> ($1.63B) across 31 known wallet\u2026 pic.twitter.com\/W1kyoSDEHc<\/a><\/p>\n

\u2014 Spot On Chain (@spotonchain) December 5, 2024<\/a><\/p>\n<\/blockquote>\n

In previous months, many market observers gave their forecast that BTC could possibly achieve a six-figure price per coin. Now, those predictions have become a reality after the cryptocurrency rode on the positive sentiment brought by the impending return of President-elect Donald Trump to the White House.<\/p>\n

As of writing, Bitcoin is being traded at $103,152, up by 6.6% in the last 24 hours, with a total market capitalization of over $2 trillion.<\/p>\n

Moving To A New Wallet<\/strong><\/h2>\n

A crypto intelligence website revealed that a long-defunct cryptocurrency exchange platform has decided to move more than 24,000 BTC to a new location.<\/p>\n

The inactive Mt. Gox crypto platform transferred 27,871 BTC to an undisclosed address, which some analysts believe was fueled by the digital currency\u2019s hitting the $100,000 milestone.<\/p>\n

<\/p>\n

Arkham Intelligence<\/a> said that Mt. Gox moved a big chunk of its Bitcoin holdings amounting to more than $2.8 billion.<\/p>\n

Reports revealed that the defunct crypto exchange did the transfer on December 5, moving its BTC to a new wallet that has no previous connection to any Mt. Gox Bitcoin transfers in the past.<\/p>\n

According to analysts, the address of the wallet begins with \u201c1N7j\u201d and the BTC transfer was charged with a fee of $3.78.<\/p>\n

Some crypto analysts believed that the new address could be an internal wallet.<\/p>\n

Mt. Gox still holds 39,878 Bitcoin valued at around $4.1 billion following its latest move, according to Arkham Intelligence data<\/a>.<\/p>\n

\"\"<\/p>\n

BTC Transfer, Not The First Time<\/strong><\/p>\n

The defunct exchange had remained dormant since November 12 before the massive move.<\/p>\n

Before this BTC transfer, Mt. Gox moved around 262.782 BTC worth $27 million to an unknown wallet on November 12. In another transaction, the crypto platform also moved over 2,000 Bitcoin with a value of $238 million.<\/p>\n

Since Mt. Gox began its massive BTC transfers this year, many have been speculating about ongoing repayments to its creditors.<\/p>\n

The crypto exchange suffered a massive hack in 2011, leading to its bankruptcy in 2014, owing victims and creditors over $23 billion.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Finally, Bitcoin has barreled past the $100,000 threshold, a level predicted by many crypto analysts in the last few months. A longtime inactive cryptocurrency exchange rode on the BTC price surge and transferred more than 24,000 coins to a new wallet. Bitcoin Reaches A Milestone Analysts said that after a long wait, Bitcoin got enough […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3818","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3818"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3818\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}