The deteriorating market conditions can be attributed to several underlying factors. It has become apparent that there is a significant risk of Bitcoin’s price plummeting to $57,500. One of the primary catalysts for this downward trend is the recent announcement that MTGOX claims, which have been pending for years, will finally be reimbursed. Starting from July, creditors will be receiving 141,686 BTC, amounting to a staggering $8.6 billion. Stay updated on the most recent financial and business news by visiting COINTURK FINANCE.