Investing.com– price fell marginally on Friday and was set for an underwhelming weekly performance as fears of more token distributions by Mt Gox and an unclear regulatory outlook saw crypto markets lag a recovery in stocks.
The fell 1.2% to $58,201.0 by 08:33 ET (12:33 GMT), remaining squarely within a trading of $50,000 to $60,000 seen through most of the year.
Bitcoin was pressured by a brief rebound in the dollar on Thursday.
Bitcoin lags stock recovery even as sentiment improves
Crypto markets took little support from improving sentiment across risk-driven markets amid easing fears of a U.S. recession and persistent bets on interest rate cuts by the Federal Reserve.
Global stocks marked strong gains this week, with Wall Street indexes surging to two-week highs as increased volatility seen last week now appeared to be clearing.
Strong U.S. retail sales data and softer…
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