Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, struggled to maintain its early-day gains, falling to around $64,020, with an intra-day low of $63,904.
It briefly touched $67,000 in the morning but couldn’t sustain it, dropping below $64,000. This decline is influenced by ongoing Mt. Gox repayments to creditors, which are increasing market supply and exerting downward pressure on Bitcoin’s price.