A third-straight daily slide in Bitcoin took the digital asset close to levels last seen in February amid challenges including US political drama and the potential for disposals by creditors of the failed Mt. Gox exchange.
Mt. Gox’s administrators, meanwhile, are returning more than 137 000 Bitcoin to creditors in stages. Traders are uncertain about how much of the $8 billion haul will end up being sold and separately weighing the risk of disposals of seized Bitcoin by the US and German governments. Struggling miners The operators of the power-hungry computers that underpin the Bitcoin blockchain are continuing to absorb the financial hit of April’s so-called halving, which curbed the new tokens they receive for the work they do. One response from these Bitcoin miners is to sell some of their inventory of tokens.