Bitcoin Retreats as Traders Mull Risk of Sales Linked to Mt. Gox

Bitcoin Retreats as Traders Mull Risk of Sales Linked to Mt. Gox



Bitcoin fell as traders monitored transfers by wallets belonging to the failed Mt. Gox exchange, whose administrators have been stepping up efforts to return a $9 billion hoard of the largest digital asset to creditors.

The original cryptocurrency dropped as much as 3.1% and was trading at about $67,720 as of 12:52 p.m. Tuesday in Singapore. The weakness spread to smaller coins, including second-ranked Ether.