In the crypto market, #Bitcoin declined for the fourth consecutive day due to concerns about potential sell-offs by governments and creditors of a failed exchange #BTC dropped by as much as 8.1% in the past two days, reaching its lowest level since February and trading around $55,437.25 this afternoon.  

Cryptocurrencies in general saw declines even as stock markets moved up, with Bitcoin now down about 25% from its record high in March.   

Additionally, the administrators of the defunct Mt. Gox exchange are gradually returning an $8 billion hoard of Bitcoin to creditors, further impacting the market.  

There are also indications that German authorities are preparing to sell some of the 50,000 Bitcoin previously seized from online criminals.
#Bitcoin #BTC