The price of bitcoin fell below $68,000 following a transfer worth $9.6 billion from a Mt. Gox cold wallet.
Early on Tuesday, Mt. Gox appeared to have transferred out bitcoin worth at least $9.6 billion from its cold wallets, according to data from Arkham Intelligence.
Tuesday's QCP Capital report outlined three reasons to remain bullish on bitcoin in the medium to long term.
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First Mover Americas: Bitcoin Falls Below $68K After $9B Mt. Gox TransferJamie Crawley is a CoinDesk news reporter based in London.
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