Investing.com– Bitcoin price fell slightly on Monday amid persistent concerns over distributions by now defunct crypto exchange Mt Gox, which also battered sentiment towards broader cryptocurrency markets.
Still, the world’s largest cryptocurrency found some support around the $57,000 level after sinking to over four-month lows earlier on Monday. fell 0.8% in the past 24 hours to $57,072.0 by 08:09 ET
The token and the broader crypto space took little support from a weaker dollar, with reports suggesting that major Bitcoin wallet holders had also begun mobilizing their wallets for potential sales.
Bitcoin hammered as Mt Gox distribution begins
Trustees for the now defunct Mt Gox crypto exchange said they had begun distributing tokens to clients affected by a 2014 hack.
While the trustees have not outlined the value of the distributions, wallets associated with the exchange were seen moving…
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