Bitcoin briefly fell below $90,000 as nearly $1 billion in BTC moved from Mt. Gox wallets during a major Cloudflare outage affecting numerous cryptocurrency platforms on November 18, 2025.
This convergence of events raises concerns about platform reliability and asset security, influencing market sentiment and prompting scrutiny of large-scale crypto asset transfers.
Key Takeaways
- •Mt. Gox moved $1B in BTC amid a Cloudflare outage.
- •Bitcoin price falls below $90,000.
- •The outage affected numerous cryptocurrency platforms temporarily.
Mt. Gox Trustee Shifts $1B in BTC
Amid an erratic market, Bitcoin's price dipped below $90,000. This happened concurrently with Mt. Gox’s significant BTC transfers, shifting nearly $1 billion in assets. The Mt. Gox trustee did not issue new statements regarding these transfers. Cloudflare confirmed that their network outage had widespread impacts, affecting numerous cryptocurrency platforms' accessibility.
The Mt. Gox trustee moved nearly $1 billion in BTC during a time when Cloudflare's network outage affected crypto platforms globally.
Cloudflare Outage Causes Crypto Market Volatility
The Bitcoin market saw a sharp decline, reflecting global investor concerns. The Cloudflare outage further emphasized the crypto sector's reliance on external service providers. Financial analysts suggest the ongoing volatility may persist. The outage exposed vulnerabilities in crypto trading infrastructure but caused no major protocol losses. Cloudflare provided an update on their status page:
"We are actively investigating and mitigating impacts for affected customers experiencing network outages as of 18 Nov 2025."
This movement led to a Bitcoin price drop below $90,000, highlighting market volatility and infrastructure service dependencies.
Significant BTC Moves Reflect Past Trends
This transfer from Mt. Gox echoes similar large movements seen in 2023. Those past events also triggered significant, albeit temporary, market fluctuations. Market observers note that, historically, such events lead to temporary instability but predict potential recovery, assuming rapid infrastructural resolutions. This trend was also discussed in "User4's Opinion on Recent Events".