The Daily: Bitcoin briefly dips below $90K, Mt. Gox moves nearly $1B in BTC, Cloudflare outage hits crypto sites, and more
Bitcoin briefly dropped under $90K amid market volatility, while Mt. Gox moved $956M in BTC, and a Cloudflare outage disrupted crypto services.Summary
The crypto market experienced volatility as Bitcoin briefly dipped below $90,000 to a seven-month low due to institutional repositioning and profit-taking, though it later recovered above $93,000. Analysts noted that ETF outflows topping $3 billion recently contributed to selling pressure, with key support levels identified between $85,000 and $87,000.
In other major news, the defunct exchange Mt. Gox transferred 10,608 BTC, valued at approximately $956 million, to unmarked addresses, a pattern that has preceded creditor repayments, though full distributions are now delayed until October 2026. Simultaneously, El Salvador disclosed its largest single-day BTC purchase of $100 million, bringing its total holdings to 7,474 BTC, coinciding with the price dip.
Furthermore, a widespread Cloudflare global network outage temporarily disrupted front-ends for major crypto exchanges, DeFi protocols, and data dashboards, highlighting the sector's reliance on centralized infrastructure. On the product front, Fidelity launched its Solana ETF (FSOL), introducing a staking feature, while Standard Chartered suggested the recent Bitcoin sell-off is likely over, anticipating a year-end rally.
(Source：The Block)