Bitcoin

Bitcoin (BTC) Drops Again on Fears of Mt. Gox Distributions Selloff

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7 months ago

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Bitcoin is under pressure again due to concerns about possible sales of the token by creditors of the bankrupt company Mount Gox exchange, which began returning a stash of approximately $8 billion of the largest digital asset.

The cryptocurrency fell as much as 5.2% on Monday before paring some of the swing to trade at $55,290 as of 12:13 p.m. in Singapore, about $19,000 below its March record. Smaller tokens such as Ether and XRP also sank.

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