Bitcoin is under pressure again on concerns about possible sales of the token by creditors of the failed Mt. Gox exchange, which has begun returning a roughly $8 billion hoard of the largest digital asset.
The cryptocurrency slid as much as 5.2% on Monday before paring some of the wobble to trade at $55,290 as of 12:13 p.m. in Singapore, some $19,000 below March’s record high. Smaller tokens such as Ether and XRP sank too.
