Mt. Gox Bitcoin Receivers to hodl recieved bitcoin.

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Cryptocurrency journalist and blogger Colin Wu has published a post about a poll that took place among Reddit users – Mt. Gox Bitcoin recipients – recently.

In that poll, those users, who received compensation from Mt. Gox in Bitcoin, revealed what they are going to do with the newly received BTC. The survey shows that the majority of the voters do not plan to sell it.
Mt. Gox Bitcoin poll on Reddit
According to Wu’s tweet, so far, there are 467 users who participated in the vote, called “What percentage of your Bitcoins will you sell immediately after receiving them?”
Two hundred sixty Redditors chose the “zero” option, which accounted for 55% of the voters. Eighty-eight Redditors voted for selling all of the BTC they will receive or have received from Mt Gox via centralized and currently operational cryptocurrency exchanges – that was 18% of the voters. Sixty-eight people said they would sell from 1% to 25% of their Bitcoin. Twenty-six Redditors chose the option of selling 25% to 50%.
A vote on the Reddit MtGox forum showed that among the 467 members who participated in the vote, 260 people chose not to sell the bitcoins after receiving the compensation, accounting for the highest proportion of 55%. 88 people chose to sell all, accounting for 18%, ranking…

Earlier this week, Mt. Gox transferred close to $6 billion worth of Bitcoin to crypto exchanges, which will then distribute the funds among Mt. Gox creditors and traders. Those people were hit by a massive funds loss as a result of a hack in 2014. The exchange became nonfunctional after that.
One of those exchanges, the U.S.-based platform Kraken, announced that it had received part of that Bitcoin and intends to send it to Mt. Gox customers within a week or two.
The results of the poll, however, mirror the opinion recently shared by Bitcoin advocate and Jan3 chief executive Samson Mow. He tweeted that he believes only about 20% of that crypto will hit the market.#Mt_Gox_BTC_Dip #BinanceTurns7 #BinanceTournament #Write2Earn!

During a recent interview with Bloomberg, Jamie Dimon, the CEO of JP Morgan, reiterated his long-held belief that Bitcoin is a “public decentralized Ponzi scheme." Dimon expressed his skepticism about Bitcoin's potential as a currency, stating that he has always maintained his view that it lacks prospects in that regard.
In addition, Dimon called Bitcoin a fraud, saying, “if you mean crypto like Bitcoin, I’ve always said it’s a fraud.” However, he did acknowledge the value of blockchain technology and smart contracts, recognizing their potential applications. Dimon clarified that if a cryptocurrency can offer something useful like smart contracts, which hold inherent value, then blockchain technology has a purpose. He said: “to the extent crypto is accessing certain blockchain things, that might have some value.”

While Dimon sees potential in blockchain and smart contracts, he has consistently criticized Bitcoin, associating it with illicit activities such as anti-money laundering, and terrorism financing. He has previously stated that if these negative use cases cannot be resolved, regulators should intervene and shut down Bitcoin. However, this would be a challenging task considering the widespread network of over 20,000 Bitcoin nodes currently operating.

Despite Dimon's critical stance on Bitcoin, JP Morgan has become an "authorized participant" in several spot Bitcoin exchange-traded funds (ETFs) offered by BlackRock, Invesco/Galaxy Digital, and Fidelity. In a report released in December, a JP Morgan analyst expressed doubts about the long-term impact of Bitcoin ETFs on the market and predicted that Ethereum would outperform Bitcoin in 2024.

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WIF rises 3%, shIB drops 7% in 24 hours: ‘Memecoin mania’ ends?

WIF rises 3%, SHIB drops 7% in 24 hours: ‘Memecoin mania’ ends?

As Shiba Inu bleeds, dogwifhat gains bullish momentum and rises by more than 3%.

Bearish sentiment around WIF was dominant despite the price rise.

While most cryptos, including trending meme coins, bled, dogwifhat [WIF] performed differently as its price chart turned green in the last 24 hours.

On the other hand, Shiba Inu [SHIB], the second-largest meme coin, was down by over 7% during the same period. 

WIF’s recovery looks remarkable 

After a sharp drop on the 14th of April, WIF’s price gained bullish momentum and quickly recovered.

Though the meme coin’s price had fallen by more than 20% last week, it was among the handful of cryptos that managed to push its price up by over 3% in the last 24 hours.

According to CoinMarketCap, at the time of writing, WIF was trading at $2.81 with a market capitalization of over $2.8 billion.

Unlike WIF, SHIB remained bearish. The meme coin’s value sank by over 7% in the last 24 hours. At press time, it was valued at $0.00002232 with a market cap of $13.15 billion.

Not only did WIF outshine SHIB on the price

What’s going on with Shiba Inu?

While most metrics looked bullish on WIF, the same can’t be said for Shiba Inu. AMBCrypto’s analysis of Santiment’s data pointed out that SHIB’s MVRV ratio dropped.

Meanwhile, its NVT Ratio spiked, suggesting that SHIB was overvalued. This can cause the meme coin’s price to plummet further.

Nonetheless, SHIB’s Supply on Exchanges dropped, indicating buying pressure on it was high. 
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Four Whales Sell 5.68 Million WIF After Market Downturn.

According to Foresight News, four major cryptocurrency holders, known as 'whales', have sold 5.68 million WIF, equivalent to approximately $12.41 million, following a market downturn. The 9WHHoq address sold 3.12 million WIF at $2.35 each, converting it into 7.34 million USDC.

The BdvbXr address sold 1.016 million WIF at $1.9 each, converting it into 1.93 million USDC.

The 85Abtu address sold 905,074 WIF at $2.08 each, converting it into 1.88 million USDC. Lastly, the DpJGh2 address sold 641,598 WIF at $1.97 each, converting it into 1.26 million USDC.

This move by the whales comes in the wake of a market slump, indicating a possible strategy to mitigate losses or secure profits.

#WIF #BinanceLaunchpool #write2earn🌐💹

Please what are your thoughts on Chainlink.
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I have lost a lot of my savings, who can help me get back to trading.

The market is challenging and also rewarding .

Egypt Has Officially Permanently Ditched the US Dollar

Egypt has decisively severed its reliance on the US dollar, aligning itself with the BRICS bloc’s strategic move towards de-dollarization.

This bold maneuver signals a broader geopolitical realignment. By joining forces with BRICS, Egypt is charting a new course that deviates from the traditional economic paradigms dominated by the dollar.

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holding key to because it's a good coin.
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