Currently it seems like there’s been a mass sell-off from the Mt. Gox trustee which has caused the market to fall.
“Analysts like WhalePanda have attributed to the recent fall to the massive sell off of bitcoin by the Mt. Gox trustee, and the controversial decision of the trustee to sell 40,000 bitcoin on a cryptocurrency exchange, rather than over-the-counter (OTC) platforms.”
“According to the official document released by the Mt. Gox trustee, more than $1.7 billion worth of bitcoin is expected to be sold in the next few months.”
So this could go on for some time unless the trustee moves to selling on the OTC market.
Bitcoin Drops to $8,300 as Mt. Gox Trustee Sell Off Continues