Investing.com– Bitcoin’s price jumped on Monday, extending a weekend rebound as defunct crypto exchange Mt Gox postponed plans to return assets to creditors by a year, assuaging fears of a near-term sell event.
But the token, along with broader crypto prices, still remained largely rangebound, amid few broader positive signals for crypto markets. Prices were rattled last week by fears of more regulatory action in the U.S..
rose 5.7% to $65,960.0 by 10:40 ET (14:40 GMT). Trading volumes were muted on Monday on account of a holiday in Japan.
Mt Gox postpones repayment deadline
The trustees of Mt Gox said last week that they will distribute the remaining assets due to creditors- which were stolen during a 2014 hack- by October 31, 2025.
The defunct exchange had begun returning nearly $9 billion worth of stolen tokens- most of them Bitcoin- to creditors in July. But recent data showed the…
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