Mt. Gox $2.7 billion repayment news drives Bitcoin to five-month low under $55,000
Summary
Mt. Gox has started repaying creditors through designated crypto exchanges. Eligible creditors must confirm registered accounts, accept the intention to subscribe to an agreement by designated crypto exchanges, and complete discussions with the trustee. This news caused Bitcoin's price to drop over 7.2% to under $55,000, triggering a large liquidation event in the market, with over $675 million lost in the past 24 hours.
