Investing.com– Bitcoin price climbed on Monday, recovering a measure of recent losses, although sentiment towards the token and broader crypto markets remained largely negative.
Markets were on edge over a potential, major liquidation event with the now defunct exchange Mt Gox set to begin distributions of stolen tokens from this week.
Anticipation of more cues on U.S. interest rates, from the Federal Reserve and from economic data, also kept sentiment on edge.
rose more than 2% in the past 24 hours to $62,838.9 by 08:59 ET (12:59 GMT). The token also took some support from weakness in the dollar, with the greenback losing some 0.2% on Monday.
Mt Gox Bitcoin distribution set to begin
The liquidators of Mt Gox said they will begin distributing Bitcoin stolen during a 2014 hack from early July.
Traders speculated that receivers of the stolen tokens will be largely inclined to…
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