📉Bitcoin (BTC) experienced a drop in the last few hours, trading below $60,000. This drop is directly related to the outflow of more than $13 million from bitcoin ETFs in the United States.

🔄 Investors appear to be taking preventative measures against the imminent release of 140,000 BTC from Mt. Gox. However, bitcoin ETFs, which control about 900,000 BTC, have largely dampened the available supply. Although the release of Mt. Gox could impact the price, it is not expected to cause a prolonged decline.