Jamie Crawley is a CoinDesk news reporter based in London.
BTC fell to as low as $53,6000 but has subsequently rebounded to just over $55,000, a drop of 4.75% in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index , slid around 6.85%. Impending Mt. Gox repayments include 140,000 BTC . There have been concerns that creditors will sell their coins immediately on receipt, creating mass selling pressure in the market.ETH has dropped 7.5% while DOGE is down almost 11%.
The initial run of almost constant inflows up until early March coincided with continuous surges in bitcoin's price.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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