Bitcoin plunges as Mt. Gox begins to repay customers

#bitcoin #mtgox #crypto #yahoofinance

Collapsed bitcoin (BTC-USD) exchange Mt. Gox is reportedly beginning to pay back the nearly $9 billion in bitcoin it owes to customers from its 2014 bankruptcy. With the influx of the cryptocurrency into crypto markets, investors are concerned that customers might sell off the coins quickly. Jared Blikre breaks down Mt. Gox's bankruptcy agreement and checks in on the overall state of the crypto space as bitcoin sinks to $55,000 today. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl

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