Bitcoin Drops Below $61K Amid Mt. Gox Repayment Concerns

Bitcoin’s price has slipped below $61,000, driven by market concerns over the impending distribution of Bitcoin from the defunct Mt. Gox exchange. The anticipated release of up to 140,000 BTC has created uncertainty, leading to a 3% decline in Bitcoin’s value. Analysts are closely monitoring the situation, as the exact schedule for the repayments remains unclear.Read more on Decrypt