“Bitcoin” returns to trading above $57,000 after big losses

The crypto market reduced its losses at the end of last week after the “MT. GOX” transferred hundreds of millions of Bitcoin to its lenders.

The currency “Bitcoin” declined by more than 10% during the past week, reaching levels of 53 thousand dollars, for the first time in 5 months due to fears of sales of the currency carried out by both the German and American governments, in addition to the creditors of the “MT Gox” platform.

The troubled Japanese platform announced that it will pay up to $9 billion in Bitcoin to its lenders and investors, 10 years after the platform collapsed as a result of a hack into its wallets.

Bitcoin had a strong start this year, after the launch of ETFs in the United States, pushing it to a record level of $73,803 in mid-March. However, she has suffered since then.