#Bitcoin's recent price crash has been attributed to two main factors: the Mt. Gox payout and comments from Federal Reserve Chairman Jerome Powell. On December 19, 2024, Mt. Gox, the notorious exchange that collapsed years ago, began distributing $100 million worth of Bitcoin to creditors. This large-scale distribution, expected to continue over the coming days, could create significant selling pressure, contributing to the recent price decline. Additionally, Jerome Powell’s anti-crypto comments, stating that the Fed has "no desire to own Bitcoin" and will not change related laws, have further dampened market sentiment. These factors, combined, have led to heightened uncertainty, causing Bitcoin’s price to dip, with concerns that it may drop even further as the distribution continues and market sentiment remains negative.

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