Investing.com– Bitcoin price rose on Thursday, tracking a broader increase in risk-driven markets amid growing bets on a September interest rate cut, although speculation over more token distributions by Mt Gox limited overall gains.
Risk appetite was also tempered by data showing a sharp downward revision in U.S. labor data, which ramped up concerns over a potential recession.
rose 2.1% to $60,862.0 by 09:15 ET (13:15 GMT). The token drifted in a tight trading range for most of this week, and struggled to remain above $60,000.
Mt Gox seen mobilizing tokens this week
Wallets associated with defunct crypto exchange Mt Gox were seen mobilizing about $700 million of tokens on Wednesday, after moving about $2 billion tokens earlier in the week.
The exchange had begun returning tokens to clients from a 2014 hack in early-July, sparking concerns that token distributions could present an increase…
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