Bitcoin Price Rebounds Above $57K Following Mt. Gox and Government Sale Pressures

Bitcoin, the leading cryptocurrency, fell below $54,000 on Friday due to sell-off pressures from the German government and Mt. Gox repayments transfers. After reaching levels last seen in February, BTC rebounded above $57,000. Analysts noted this recovery indicates investors are absorbing the pressures from the $8 billion Mt. Gox repayments and sales by the US

Source: CoinOtag