🌸Crypto Market Watch:✨

Mt. Gox Set to Repay 34,689 BTC ($3.6B) by October 31 — A Historic Event for Bitcoin! ⚡

The long-awaited Mt. Gox repayment is finally approaching, marking one of the most significant events in Bitcoin’s history. According to official sources, the defunct Japanese Bitcoin exchange is preparing to distribute 34,689 BTC, valued at more than $3.6 billion, to its creditors by October 31, 2025.

Once the world’s largest Bitcoin exchange, Mt. Gox handled around 70% of all global Bitcoin transactions before its shocking collapse in 2014. The downfall came after a massive hack that led to the loss of approximately 850,000 BTC, leaving thousands of investors waiting for justice. After years of legal delays and restructuring, the repayment in Bitcoin (BTC) and Bitcoin Cash (BCH) is finally set to begin.

However, this upcoming distribution has sparked strong market discussions. Analysts warn that if a large number of creditors decide to sell their received BTC, it could cause short-term selling pressure on Bitcoin’s price, currently around $106,000. On the other hand, some experts believe the impact will be limited, as many creditors are long-term holders unlikely to sell immediately.

Regardless of the outcome, the Mt. Gox repayment represents a major milestone for the crypto world, symbolizing closure for thousands of victims and demonstrating how much the Bitcoin ecosystem has matured since its early, volatile years.