#bitcoin☀️ Declines to 65k after this👇!!

🤯Cryptocurrencies declined as Kraken began distributing assets to creditors of the defunct exchange Mt. Gox. Bitcoin (BTC) dropped to around $65,500, down nearly 4% in 24 hours!

🤬while bitcoin cash (BCH) fell over 7%. Altcoins like solana (SOL), Ripple’s XRP (XRP), and Cardano’s ADA (ADA) also saw losses of 4%-5%. Ether (ETH) remained relatively flat below $3,500, supported by strong trading volumes on U.S.-listed spot exchange-traded funds.

😡The distribution of nearly $9 billion worth of BTC and BCH from Mt. Gox has been a concern for investors, who wonder how much of those assets will be sold on the open market1. Earlier, Mt. Gox wallets moved $2.8 billion worth of assets, signaling the impending distribution to creditors2.34

🤐After a decade of waiting, multiple creditors are finally receiving their cryptocurrencies from the estate of Mt. Gox, the once-prominent crypto exchange that collapsed in 2014 due to a hack.

The estate has begun transferring assets to various crypto exchanges, allowing users to reclaim their holdings in the coming weeks. This development has been closely watched by investors and crypto enthusiasts alike

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