Mt. Gox Makes First Bitcoin Transfer in 4 Months, Raising Questions and Reclaiming $70,000 Level

Mt Gox, a defunct cryptocurrency exchange, has made its first Bitcoin transfer in four months, moving only $500 worth of BTC. Despite its collapse 12 years ago, the remaining Bitcoin held by the platform has a market value of $10 billion, up from its original value. Bitcoin has reclaimed the $70,000 level and shows its longest decoupling from the S&P 500 since 2020.