Bitcoin may head towards $50,000 as Mt. Gox prepares crypto repayment
The largest crypto by market capitalization BTCUSD, -3.35% fell to as low as $53,701 on Friday, according to Dow Jones Market Data. Bitcoin is trading at around $54,308 at last check, down 6.8%. The crypto is still up 29% year-to-date, but is down over 26% from its record high at $73,798 set in March.