🚨 Cryptocurrency Market Sees Significant Decline: What’s Behind the Drop? 🚨

The cryptocurrency market is experiencing a notable downturn today, driven by several key factors:

Mt. Gox Repayments: The defunct exchange is set to return over 140,000 BTC to victims of its 2014 hack, potentially flooding the market with $9.4 billion worth of Bitcoin​ (Cointelegraph)​.Government Actions: The German government moved nearly 6,500 BTC, adding to selling pressure​ (Cointelegraph)​.ETF Outflows: U.S.-based Bitcoin ETFs have seen significant withdrawals, contributing to the bearish sentiment​ (Cointelegraph)​.Interest Rate Fears: The strength of the U.S. dollar and expectations of higher interest rates are making riskier assets like cryptocurrencies less attractive​ (Cointelegraph)​.

These combined pressures are causing significant market fluctuations. Stay informed and make careful investment decisions in this volatile period. 📉
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