Due to the impending Mt Gox payouts, bitcoin is having its worst week in months. Traders recorded profits after a long rally.

The top cryptocurrency by market value, bitcoin was down 1.6% at $55,980 mid-term in Asia, its lowest since mid-October and 20% below last week's high. This week, bitcoin fell to its lowest in a month on Friday and was heading for its worst week in six months as traders posted profits after a long rally and spooked by the idea that creditors of the cryptocurrency exchange collapsed by Mt Gox could liquidate their payouts. Bitcoin fell 14% and crossed its 50-day moving average. He won over 90% this year. Ether, the second-largest cryptocurrency by market value, held steady near its three-week low of $4,014 on Friday, but is poised for a weekly loss of 14%.