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Bitcoin (BTC) Drops Again on Fears of Mt. Gox Distributions Selloff
Bitcoin is under pressure again due to concerns about possible token sales by creditors of the bankrupt Mount Gox exchange, which has started returning about $8 billion of the largest digital asset.
The cryptocurrency fell as much as 5.2% on Monday before paring back a bit to trade at $55,290 as of 12:13 p.m. in Singapore, about $19,000 below its all-time high in March. Smaller tokens like Ether and XRP also fell.