Leading cryptocurrencies dipped Tuesday as defunct cryptocurrency exchange Mt. Gox moved Bitcoins worth more than $780 million.

Cryptocurrency
Gains +/-
Price (Recorded 9:15 p.m. EDT)

Bitcoin (CRYPTO: BTC)
-2.40%
$59,075.20

Ethereum (CRYPTO: ETH)
               
-3.00%
$2,578.99

Dogecoin (CRYPTO: DOGE)          
-0.10%
$0.103

What Happened: Bitcoin fell from the high $60,000s to below $59,000 in early trading before a slight rebound and consolidation in the $59,000–$59,600 region.

Late evening, a wallet linked to Mt. Gox transferred about 13,265 BTC, or $784 million, to two separate addresses, with 12,000 BTC going into a new address. 

The bankrupt exchange started liquidating its $9 billion worth of BTC stash in July as part of its payout obligations to creditors. As of this writing, nearly $2.7 billion in BTC was still in Mt. Gox’s custody.

Ethereum also dipped below $2,600 in early hours, to later move sideways in the $2,500 region.

The pullback resulted in liquidations of nearly $79 million in bullish bets in the last 24 hours, with total liquidations going past $117 million.

Bitcoin’s Open Interest dropped 2.05% in the last 24 hours. A drop in OI, coinciding with a drop in price, indicated forced closure of bullish longs.

The Cryptocurrency …

Full story available on Benzinga.com

Leading cryptocurrencies dipped Tuesday as defunct cryptocurrency exchange Mt. Gox moved Bitcoins worth more than $780 million.

Cryptocurrency
Gains +/-
Price (Recorded 9:15 p.m. EDT)

Bitcoin (CRYPTO: BTC)
-2.40%
$59,075.20

Ethereum (CRYPTO: ETH)
               
-3.00%
$2,578.99

Dogecoin (CRYPTO: DOGE)          
-0.10%
$0.103

What Happened: Bitcoin fell from the high $60,000s to below $59,000 in early trading before a slight rebound and consolidation in the $59,000–$59,600 region.

Late evening, a wallet linked to Mt. Gox transferred about 13,265 BTC, or $784 million, to two separate addresses, with 12,000 BTC going into a new address. 

The bankrupt exchange started liquidating its $9 billion worth of BTC stash in July as part of its payout obligations to creditors. As of this writing, nearly $2.7 billion in BTC was still in Mt. Gox’s custody.

Ethereum also dipped below $2,600 in early hours, to later move sideways in the $2,500 region.

The pullback resulted in liquidations of nearly $79 million in bullish bets in the last 24 hours, with total liquidations going past $117 million.

Bitcoin’s Open Interest dropped 2.05% in the last 24 hours. A drop in OI, coinciding with a drop in price, indicated forced closure of bullish longs.

The Cryptocurrency …

Full story available on Benzinga.com

 Leading cryptocurrencies dipped Tuesday as defunct cryptocurrency exchange Mt. Gox moved Bitcoins worth more than $780 million.

Cryptocurrency
Gains +/-
Price (Recorded 9:15 p.m. EDT)

Bitcoin (CRYPTO: BTC)
-2.40%
$59,075.20

Ethereum (CRYPTO: ETH)               
-3.00%
$2,578.99

Dogecoin (CRYPTO: DOGE)          
-0.10%
$0.103

What Happened: Bitcoin fell from the high $60,000s to below $59,000 in early trading before a slight rebound and consolidation in the $59,000–$59,600 region.
Late evening, a wallet linked to Mt. Gox transferred about 13,265 BTC, or $784 million, to two separate addresses, with 12,000 BTC going into a new address. 
The bankrupt exchange started liquidating its $9 billion worth of BTC stash in July as part of its payout obligations to creditors. As of this writing, nearly $2.7 billion in BTC was still in Mt. Gox’s custody.
Ethereum also dipped below $2,600 in early hours, to later move sideways in the $2,500 region.
The pullback resulted in liquidations of nearly $79 million in bullish bets in the last 24 hours, with total liquidations going past $117 million.
Bitcoin’s Open Interest dropped 2.05% in the last 24 hours. A drop in OI, coinciding with a drop in price, indicated forced closure of bullish longs.
The Cryptocurrency …Full story available on Benzinga.com   Read More$BTC, $DOGE, $ETH, Bitcoin, BTC, Cryptocurrency, dogecoin, Ethereum, News, Markets, Movers, Trading Ideas, BTC, US2036121067, $ETH, $BTC, $DOGE, News, Cryptocurrency, Markets, Movers, Trading Ideas, Benzinga Markets