Bitcoin Price Drops Below $60,000: Mt. Gox Payout Sparks Crypto Market Turbulence

Bitcoin’s price saw a significant drop below the $60,000 mark, the first since early May. The decline followed Mt. Gox’s announcement to return a substantial amount of recovered Bitcoin and Bitcoin Cash to its creditors. This news has caused considerable ripples in the crypto market, leading to price volatility and widespread liquidations. Bitcoin’s value plunges