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blockchain crypto cryptocurrency Mt.GOX transfer today unlikely redemption (SpotedCrypto)

Mt. Gox out-of-address transfer today unlikely to be the start of redemption

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

blockchain crypto cryptocurrency Mt. Gox transfers 47,000 BTC (SpotedCrypto)

Mt. Gox transfers 47,000 BTC to an anonymous address

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

blockchain crypto cryptocurrency fear greed index 29 btc 56.8K (SpotedCrypto)

Crypto 'fear-greed index' hits 29... Fear enters record levels, BTC options expire today

Crypto data provider Alternative's self-estimated "Fear-Greed Index" fell 15 points from the previous day to 29. The fear phase persisted. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100 indicating extreme optimism. The Fear-Greed

blockchain crypto cryptocurrency Bitcoin weigh influencers in on the Bitcoin price outlook (SpotedCrypto)

Market influencers weigh in on the Bitcoin price outlook

In a recent report, Geoffrey Kendrick, an analyst at British multinational bank Standard Chartered (SC), said, "Bitcoin will hit a new all-time high in August. It could then reach $100,000 by the U.S. presidential election in November," he said in a recent report. "If current

blockchain crypto cryptocurrency US FOMC members said that economic growth (SpotedCrypto)

US FOMC June Minutes "Economic Growth Cooling...Inflation Shows Some Progress"

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

blockchain crypto cryptocurrency Mt Gox Redemption to Have Limited Impact on the Market (SpotedCrypto)

Mt Gox Redemption to Have Limited Impact on the Market

"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

blockchain crypto cryptocurrency Bitcoin down to $40K (SpotedCrypto)

BTC could correct to $40,000

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