Bitcoin Faces Volatility Amid Mt. Gox Repayments and Government Sales

The cryptocurrency market reacts to the release of 140,000 BTC from Mt. Gox and significant sales by the US and German governments.

Bitcoin's price dropped to its lowest since February, falling below $54,000 before a modest recovery.
Mt. Gox began distributing 140,000 BTC to creditors, raising concerns about potential mass sell-offs.
The US and German governments transferred large amounts of seized Bitcoin to exchanges, adding to market pressures.
Despite the downturn, US-based Bitcoin ETFs saw $143.1 million in net inflows as investors bought the dip.
Analysts remain divided on whether Bitcoin will see further declines or rebound in the coming weeks.