Bitcoin Drops Below $60,000 Amid Mt. Gox Repayment Announcement and Market Fears

Bitcoin recently experienced a significant drop, falling below $60,000 for the first time since early May. This decline coincides with news that Mt. Gox creditors will soon start receiving repayments in Bitcoin and Bitcoin Cash. Market observers are concerned about the potential sell-off of these reclaimed coins and the impact on the cryptocurrency market. Bitcoin’s