📉 Bitcoin took a tumble below the $60,000 mark today, possibly due to Mt. Gox's potential release of a whopping $9 billion worth of BTC. 🥴 The crypto world's firstborn fell 4.2% in the last 24 hours, marking a 1.8% dip on the weekly chart.

While investors were hoping for a breakout above $70,000, this current price dip could mean a longer correction period. But hey, every cloud has a silver lining, right?

The Mt. Gox saga might be coming to an end, with the defunct exchange possibly starting to repay its creditors. That's $9.4 billion worth of Bitcoin that's been gathering dust for over 10 years! 💰

But don't panic just yet! The U.S. spot Bitcoin ETFs might just absorb this sudden influx, having already amassed over $52.5 billion worth of BTC since launch.

What do you think? Will the market absorb this sudden influx or are we in for a rough ride? Let us know in the comments below! 👇 #Bitcoin #CryptoNews #MtGox