Mt. Gox's rehabilitation trustee transferred around $6 billion worth of Bitcoin to new wallets, taking further steps to reimburse creditors from the exchange's infamous 2014 hack.
Bitcoin's price plunged below $55,000 as the now-defunct Mt Gox exchange began distributing billions in owed funds to creditors, sparking a broader Bitcoin and crypto market sell-off.
Wall Street firm Bernstein made a bold $1 million Bitcoin price prediction by 2033, touting unprecedented demand and constraints on supply in a new report.
Renowned author Robert Kiyosaki has predicted bitcoin will surge to $350,000 by August 2024, citing his lack of faith in current U.S. leadership and endorsing Bitcoin as an alternative.
The New York Stock Exchange plans to launch options contracts tied to the CoinDesk Bitcoin Price Index, marking another major traditional finance player entering the Bitcoin space.
Standard Chartered sees Bitcoin falling to $50,000 near-term amid outflows and tight liquidity, but maintains a bullish long-term outlook with a $150,000 target for 2024.
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