Bitcoin suddenly dropped below $61,000: What’s the reason for the sell-off?
Bitcoin fell below $61,000 following the announcement of Mt. Gox, which was hacked in 2014 and announced that it would start payments 10 years later. Gox’s announcement, it fell below $61,000. It was also noteworthy that the drop came in seconds, not immediately after the announcement, but about 15 minutes later.