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Reports of Mt. Gox paying compensation cause Bitcoin to drop below $68,000
Bitcoin prices fell 1.5% today, falling below the $68,000 mark after briefly peaking near $70,600 yesterday. The drop came on the heels of fresh reports that once-dominant Bitcoin exchange Mt. Gox, which collapsed in 2014, has begun making payments to its long-awaited creditors. The release of approximately 75,000 Bitcoins, valued at more than $5.1 billion, has raised concerns about market liquidity and price stability.
Bitcoin prices fell 1.5% today, falling below the $68,000 mark, after briefly hitting a high of nearly $70,600 yesterday. The drop came on the heels of fresh reports that once-market-leading Bitcoin exchange Mt. Gox, which collapsed in 2014, has begun paying compensation to its long-awaited creditors. The release of approximately 75,000 Bitcoins, valued at more than $5.1 billion, has raised concerns about potential liquidity and price stability.
Bitcoin prices fell 1.5% today, falling below the $68,000 mark, after briefly hitting a high of nearly $70,600 yesterday. The drop came on the heels of fresh reports that once-market-leading Bitcoin exchange Mt. Gox, which collapsed in 2014, has begun paying compensation to its long-awaited creditors. The release of approximately 75,000 Bitcoins, valued at more than $5.1 billion, has raised concerns about potential liquidity and price stability.
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