Mt. Gox Repayments: A Turning Point for Altcoin Market?

Mt. Gox starts repaying creditors, returning 142,000 BTC and 143,000 BCH after nearly a decade.

Ethereum ETF’s success is crucial for the potential altseason and BTC dominance shift.

Michaël van de Poppe, a noted crypto analyst, recently tweeted that the overall altcoin market capitalization has bottomed out after the announcement of the Mt. Gox news.

He emphasized a big upward bounce and, more crucially, a notable reversal because it tested higher-timeframe support. If this value continues to rise, it will encounter a formidable opposition zone. If this resistance is broken, a positive rise in the cryptocurrency market will follow.

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