📌Massive Alert for all Binance Users👁

$BTC dropping to $50,000 and here are the two significant reasons underneath

"It would should be an enormous July at Bitcoin's cost to oppose the sheer weight of supply flooding into the market from Mt. Gox and the German government," Pav Hundal, lead market expert at crypto trade Swyftx, told Unscramble. "This could be the way we get as low as $50,000," he said. $NOT

The Mt. The Gox bankruptcy estate has moved billions of dollars' worth of Bitcoin (BTC) to an unidentified wallet, putting more pressure on the cryptocurrency market to fall. 🌎

Payments due from Mount Gox are supposed to begin this month after broad arrangements for store appropriation. Around 142,000 BTC and 143,000 Bitcoin Cash will be distributed by the defunct exchange. $BNB

But in 2020, the German government took nearly 50,000 BTC from Movie2k.to, an illegal streaming site. The Bitcoin, at first worth around $2 billion, was seized as a feature of an examination concerning the site's exercises, which included disseminating pilfered movies and washing the returns.

On Wednesday, approximately 1,300 BTC worth $75.5 million were sent to several exchanges, including Bitstamp, Coinbase, and Kraken. This raised concerns that prices might fall.

#US_Job_Market_Slowdown #MtGoxJulyRepayments #Megadrop #BTC☀ #BinanceTournament