The price of bitcoin fell below $68,000 following a significant transfer from a Mt. Gox cold wallet.

Early on Tuesday, Mt. Gox appeared to have transferred out bitcoin worth at least $9.6 billion from its cold wallets, according to data from Arkham Intelligence.

Bitcoin's price has decreased by over 1.5% in the past 24 hours and was changing hands for $67,818 at 10:17 a.m. ET, according to The Block’s Price Page. The GM 30 Index, representing a selection of the top 30 cryptocurrencies, increased by 1.42% to 145.45 in the same period.

Expectation of broader trend higher

However, QCP Capital analysts said that a sudden bout of "supply anxiety" will likely be only a blip in a broader upward trend towards the end of the year.

Tuesday's QCP Capital report outlined three reasons to …