Introduction The cryptocurrency market witnessed a brief period of optimism following the latest Consumer Price Index (CPI) report, which showed cooler-than-expected inflation data. Bitcoin (BTC), the largest cryptocurrency by market capitalization, experienced a quick surge in its price, momentarily breaking through significant resistance levels. However, this positive momentum was short-lived, lasting just one hour, as fears surrounding the potential sell-off of Mt. Gox Bitcoins resurfaced, causing a swift market correction.