Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors

Bitcoin led the crypto market lower on Tuesday as Mt. Gox transferred more bitcoin to creditors and investors took profits following the cryptocurrency’s best week since March. The price of bitcoin was down 3% at $65,891.50, while Ether was down over 1% at $3,445.10. The moves are attributed to profit-taking after their gains last week. Mt. Gox has moved about 5,000 bitcoins off the exchange as part of the creditor repayment process. The market is expected to absorb the negative impact, and long-term optimism remains for the success of Ether ETFs and the U.S. presidential election.