Investing.com– Bitcoin price fell marginally on Friday as a recent rebound in crypto markets ran out of steam, with focus remaining on distributions from defunct exchange Mt Gox and more cues on the U.S. regulatory outlook.
The world’s biggest cryptocurrency clocked a strong rebound this week on bets that a Donald Trump presidency will yield a better regulatory environment for crypto, given that Trump has touted friendlier crypto regulation as part of his reelection campaign.
This helped offset concerns over selling pressure from token distributions by Mt Gox, which began mobilizing billions of dollars of Bitcoin to return them to creditors after a 2014 hack.
fell 0.9% to $64,296.7 by 09:24 ET (13:24 GMT). It was trading up 8.5% over the past week.
Crypto markets were also pressured by
Bitcoin heads for strong week on Trump speculation
The world’s largest cryptocurrency…
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