Bitcoin sinks to $53,800, altcoins bleed following Mt. Gox’s billion transfer

Bitcoin's value fell to $57,000 late Thursday and hit a low of $53,800 in the early hours of Friday, according to data from TradingView. The extended correction came after a movement of $2.7 billion in Bitcoin from a Mt. Gox wallet to a new address yesterday.Source: TradingViewOn Thursday evening, a wallet controlled by Mt. Gox, the now-defunct crypto exchange, transferred 47,229 BTC, worth... source: https://cryptobriefing.com/mt-gox-bitcoin-transfer-2/