Illustration of Crypto Market Fluctuations: What's Next for Bitcoin?

Crypto Market Fluctuations: What’s Next for Bitcoin?

Bitcoin saw a modest rebound on Monday morning, rising by 0.29% to trade at approximately $57,000.

The leading cryptocurrency had fallen to $55,000 on Friday after the defunct crypto exchange Mt. Gox started repaying its creditors in Bitcoin worth billions of dollars, triggering a substantial sell-off. Despite the recent recovery, Bitcoin remains more than 8% below its peak from last week.

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