Investing.com– Bitcoin price saw a slight rise from recent losses on Tuesday, although sentiment remained on edge over a potential spike in token supply, while Ether rose sharply amid speculation that a spot exchange-traded fund was close.
The world’s largest cryptocurrency was nursing steep losses over the past two weeks, having hit an over four-month low last week amid concerns over token distributions by defunct crypto exchange Mt Gox. But losses in the token appeared to have paused, at least for now.
rose 0.4% in the past 24 hours to $57,386.4 by 08:32 ET (12:32 GMT). World no.2 token outpaced Bitcoin, rising 0.7% to $3,074.46
Bitcoin nurses steep losses on Mt Gox fears
Bitcoin slid as low as $53,000 last week after the trustees of Mt Gox said they had begun distributing tokens stolen during a 2014 hack, although they did not specify what the overall value of the distribution would be.
But…
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