Bitcoin Drops Anew on Fears of Sales From Mt. Gox Distributions!!!

Bitcoin is under pressure again on concerns about possible sales of the token by creditors of the failed Mt. Gox exchange, which has begun returning a roughly $8 billion hoard of the largest digital asset.

The cryptocurrency slid as much as 5.2% on Monday before paring some of the wobble to trade at $55,290 as of 12:13 p.m. in Singapore, some $19,000 below March’s record high.

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