Markets
Bitcoin (BTC) Drops Again on Fears of Mt. Gox Distributions Selloff
Bitcoin has slipped again on concerns about possible token sales by creditors of the bankrupt firm Mount Gox exchange, fueling doubts about the remaining momentum in the cryptocurrency bull run that began last year.
The largest digital asset fell as much as 5.2% on Monday before reversing to trade up 1% at $57,850 by 10:04 a.m. in London, about $16,000 below its all-time high in March. Smaller tokens such as Ether and XRP also erased losses and rose.