Bitcoin Dips Below $68K on Mt. Gox Payout Concerns
TL;DR Summary
Bitcoin's price dropped below $68,000 following reports that Mt. Gox has started processing payouts to creditors, releasing approximately 75,000 BTC worth over $5.1 billion. This has raised concerns about market liquidity and price stability. Analysts and on-chain data confirm significant Bitcoin movements, with speculation on whether creditors will hold or sell their received Bitcoins.
- Bitcoin Slumps Below $68,000 Amid Reports Of Mt. Gox Payouts Bitcoinist
- First Mover Americas: Bitcoin Falls Below $68K After $9B Mt. Gox Transfer CoinDesk
- Bitcoin sinks as Mt. Gox transfers billions to potentially begin repayments MarketWatch
- Bitcoin Retreats as Traders Mull Risk of Sales Linked to Mt. Gox Bloomberg
- Bitcoin Price Slips. Why the Market Is Nervous About a Potential Wave of Sales. Barron's
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