Bitcoin under pressure over defunct Mt. Gox repayments – CNBC

The bankrupt platform is expected to start distributing assets stolen from clients in a 2014 hack, according to a report

The price of Bitcoin could be affected by the upcoming repayments to thousands of victims in the 2014 heist on the now defunct Mt. Gox virtual currency exchange, experts cited by CNBC believe.

Bitcoin, the world’s largest cryptocurrency, tumbled below $60,000 last week, marking its second-worst weekly decline of the year.