Bitcoin Briefly Slips Below $60K, SEC Drops Ethereum Probe

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Key Takeaways

  • The bitcoin price has continued its month of suffering, as the price briefly dipped below $60,000 on Monday.
  • Former bitcoin exchange Mt. Gox has announced distribution of funds owed to former customers will begin in early July.
  • The Securities and Exchange Commission (SEC) closed its investigation into Ethereum without filing charges against blockchain technology firm Consensys.
  • Crypto asset manager Hashdex has filed for a combined spot bitcoin-ether ETF.
  • This week, analysts will be watching to see if bitcoin can halt its decline while also keeping an eye on Thursday’s U.S. presidential debate.

June hasn’t been kind to bitcoin: The price of the cryptocurrency briefly slipped below the $60,000 level Monday after it looked like it could surpass the previous all-time high of more than $73,000 earlier in the month.

The most recent negative news for bitcoin comes in the form of a coming distribution of bitcoin owed to former…

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