📉 Reasons for the fall

Friends, the marketplace continues "bloodshed", BTC with ETH give -25% from their ATH, and viola has returned to its minimum values of 2023.

📑 Many are wondering: what can this be related to?

One reason is the official start of the payouts of the previously popular Mt.Gox exchange.

Background:

Mt.Gox, the largest cryptocurrency exchange that processed up to 70% of the world's BTC transactions, collapsed in 2014 due to the loss of 850,000 BTC due to hacking and mismanagement. Withdrawals were blocked, leading to bankruptcy.

I recommend reading the book "Digital Gold" written by Nathaniel Popper to fully understand the history of not only Bitcoin, but also the first major cryptocurrency exchange!

💡 The whole point is that payments to creditors will be made in BTC and BCH. The likelihood that the "victims" will start selling them on the market en masse to lock in profits or offset their losses is high.

This can largely affect the price of BTC, which is what we are seeing now.

How is your portfolio feeling?

🔥 — slimmed down

🐳 — tolerate and do not sell