Bitcoin’s Mt. Gox Swings Add to Signs of Rocky Crypto Rebound

Bitcoin skidded anew on concern about possible sales of the token by creditors of the failed Mt. Gox exchange, fueling doubts about the remaining impetus in a crypto bull run that began last year.

The largest digital asset slid as much as 5.2% on Monday to $54,313, some $19,000 below March’s record high. Smaller tokens such as Solana and Cardano traded higher.

Tokyo-based Mt. Gox, which went bankrupt a decade ago after being hacked, is returning about $8 billion of Bitcoin to creditors in stages, spotlighting the potential for a wall of supply to come into the market. Some industry ...