➡️Top altcoins rise amid market turmoil 🚨

➖The cryptocurrency market plummeted 📉
Today, the cryptocurrency market is experiencing a sharp decline. Total market capitalization fell 3.13% to $2.38 trillion, as Bitcoin (BTC) failed to break the $70K resistance level. Bitcoin is currently trading at $66,532, down 4.05%.

➡️Altcoins are heavily affected🔥

Some major altcoins are experiencing significant losses:
➖Jasmycoin ($JASMY ): Down 4.88%, trading at 0.03022 USD
➖Notcoin ($NOT ): Down 4.95%, trading at 0.01302 USD.
➖Pyth Network ($PYTH ): Down 4.65%, trading at $0.3806.

➡️Main factors behind the decline 🔍

➖The US government sells all Bitcoin holdings? 💼

Bitcoin critic Peter Schiff has predicted that the US government, under President Joe Biden, will sell all its Bitcoin holdings. This follows the transfer of $2 billion worth of Bitcoin to the new wallet. Schiff's warning sparked fear in the market, leading to a sell-off of cryptocurrencies.

➖Mt. Gox prepares to move 80.5 thousand Bitcoin 💣

Defunct cryptocurrency exchange Mt. Gox is planning to transfer his remaining 80.5k Bitcoin after transferring nearly 50k Bitcoin to creditors on Kraken and Bitstamp. Recent test transfers suggest that a large-scale movement in Bitcoin is imminent, adding to market uncertainty and contributing to the downturn.

➡️Market reaction 🌪️

These developments are causing widespread panic and significantly affecting not only Bitcoin but also many other altcoins, including Jasmycoin, Notcoin and Pyth Network.