Investing.com– Bitcoin price rose marginally on Thursday as a recent rebound slowed down amid persistent concerns over increased token supplies, and few signs that selling pressure from Mt Gox and the German government had eased.
The world’s biggest cryptocurrency was nursing a 15% slump over the past month, and remained on the cusp of a bear market as fears of increased token supplies battered markets.
added just 0.1% in the past 24 hours to $58,549.6 by 08:09 ET (12:09 GMT). The token saw limited relief from some bargain buying this week.
Mt Gox, German sales and miner capitulation weigh on Bitcoin
Defunct crypto exchange Mt Gox remained a key point of contention for Bitcoin, after the trustees of the exchange said they had begun returning tokens to clients affected by a 2014 hack.
It was immediately unclear just how much this distribution will entail. But wallets linked to the exchange…
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