TLDR Crypto · MARKETS & BUSINESS

41.5% OF MT. GOX BITCOIN HAS BEEN DISTRIBUTED

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Summary from the TLDR Crypto newsletter

Despite the recent movement of $3 billion in Bitcoin from a Mt. Gox-affiliated wallet, the market barely reacted, with Bitcoin prices holding steady. Analysts believe this is because Mt. Gox creditors are long-term holders who are unlikely to sell, and the market has already factored in these transfers.