Bitcoin Price Plummets Below $54,000 Amid Mt. Gox Repayments

The cryptocurrency market has experienced significant turbulence, with Bitcoin’s price plummeting by 7.5% in the last 24 hours, dipping below $54,000. This dramatic decrease is primarily attributed to renewed activity from Mt. Gox wallets, which have begun moving significant amounts of Bitcoin. Following this development, Mt. Gox has issued an official statement confirming the commencement

Source: CoinOtag