Bitcoin Watch – Mt Gox Bitcoin sale could lead to an imminent price crash

Former cryptocurrency exchange Mt Gox is apparently moving 16,000 bitcoins from its vaults to an unknown location, resulting in concerns of an imminent price crash, reports TNW. Despite recent improvements to Bitcoin's price (currently valued at around USD9,300), the impact of the sale could cause some serious volatility in the crypto market over the next few days. The current market value of Mt Gox's Bitcoins is more than USD140 million.

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