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Ahmed Barakat

Bitcoin Slides Toward $69,950 After Mt. Gox Shifts 10,422 BTC to New Wallets

On June 2, Bitcoin slid toward $69,950 after the Mt. Gox rehabilitation estate moved 10,422 BTC—about $739 million—from cold storage into multiple newly created, unmarked addresses. BTC dropped from $71,000 to an intrahour low near $69,950 as traders reacted to the transfer, while on-chain data showed no immediate surge in exchange inflows.