Cryptocurrencies
Bitcoin’s Mt. Gox Swings Add to Signs of Rocky Crypto Rebound
- Traders fret Mt. Gox creditors could sell recovered Bitcoin
- Token’s 2024 lead over mainstream assets narrowed lately
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Bitcoin skidded anew on concern about possible sales of the token by creditors of the failed Mt. Gox exchange, fueling doubts about the remaining impetus in a crypto bull run that began last year.
The largest digital asset slid as much as 5.2% on Monday to $54,313, some $19,000 below March’s record high. Smaller tokens such as Solana and Cardano traded higher.