Bitcoin Drops Below $57,000 as Mt. Gox Trustee Tests Transactions

Bitcoin’s price fell below $57,000 for the first time since early May after the Mt. Gox trustee conducted test transactions, signaling potential upcoming repayments to creditors. Blockchain intelligence firm Arkham reported three small test transactions of around $8 each from Mt. Gox wallets. This activity has raised concerns about potential selling pressure from creditors receiving long-awaited repayments, contributing to market uncertainty and price volatility.Read more on Decrypt