Mt. Gox has officially started Bitcoin transfers and the entire cryptocurrency world, especially Bitcoin, has seen huge declines. The largest cryptocurrency fell as low as $53,200 in the morning hours.
So what is the reason behind Bitcoin and altcoin declines? Mt. Gox, which announced at the end of June that it would start Bitcoin (and Bitcoin Cash) payments at the beginning of July. Gox’s timing of the transfers was a question mark. The fact that some test transfers involving small amounts were made yesterday morning was seen as a sign.
Here is Mt. Gox transferred more than 47 thousand BTC in the early hours of the morning. Some of the Bitcoins were sent to unknown addresses, while others were sent to the Bitbank exchange that was contracted for distribution.
Altcoins melted more
The decline in Bitcoin has also melted altcoins. The TOTAL 3 index, which excludes Bitcoin, Ether and stablecoins, dropped to $500 billion.
While the total cryptocurrency market capitalization has dropped to $2 trillion, Ethereum is priced around $2800, below $3000. BNB, which exceeded $700 in recent weeks, fell below $500, while Solana retreated to $124.
Some important cryptocurrency prices are as follows:
- XRP: $0.40
- DOGE: $0.09
- TON: $6.5
- TRON: $0.12
- ADA: $0.32
- AVAX: $22
- SHIB: $0.000012
- DOT: $5.2
- LINK: $11.4
- UNI: $7
- NEAR: $4.1
- LTC: $58.2
- MATIC: $0.44
- APTOS: $5.3
- FIL: $3.3
- FLOKI: $0.00013