Bitcoin’s price took a hit today, dropping to $58k as fears surrounding Mt. Gox offset the positive news of the Consumer Price Index (CPI) report. Mt. Gox, a now-defunct cryptocurrency exchange, is facing legal issues that have caused concern among investors. Despite the CPI report showing a positive outlook on inflation, the market reacted to the Mt. Gox news by pushing the price of Bitcoin down. Investors will be keeping a close eye on developments surrounding Mt. Gox and how they may impact the cryptocurrency market in the coming days.
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