Mt. Gox go Release $1 Billion for Bitcoin as Market Dey Vex
Di one wey no dey work again cryptocurrency exchange Mt. Gox wan release $1 billion for Bitcoin go give dem creditors, as di important time wey dem suppose don pay finish dey near on October 31, 2025. Dis development don cause worry among traders because of how e fit affect market prices, because dem wan inject plenty money wey dey move. Di first time wey dem start to dey pay creditors na for July 2024, but recent increase for how Bitcoin dey move don cause market to dey shake, wit history wey show say big big transfer from Mt. Gox dey affect market stability. Dis action fit make traders dey think again about dem strategy because dem fit dey sell more and market fit dey shake more.
Bearish
The news wey dey say Mt. Gox dey release plenty Bitcoin into market, people dey see am as bad news because e fit make people dey sell Bitcoin more. For past, when Mt. Gox release Bitcoin like that, market dey fall, because plenty Bitcoin dey enter market at once, so supply pass demand, and price dey go down. For now now, traders fit dey careful more, dey expect market to shake and price fit fall. For long run, this thing fit make Bitcoin price no recover quick and market no go dey happy until dem don use all the extra Bitcoin finish.