Bitcoin Set for Worst Week in Over a Year on Mt. Gox Liquidation Fears

BITCOIN - SINGAPORE. Bitcoin was set for its biggest weekly fall in more than a year on Friday, as traders fretted over the likely dumping of tokens from defunct Japanese exchange Mt. Gox and further selling by leveraged players after the cryptocurrency's strong run.

The price of the world's largest cryptocurrency slid as much as 8% on the day to $53,523, its lowest since late February.