Investing.com– Bitcoin price moved marginally on Wednesday and was nursing steep losses over the past week as fears of selling pressure from distributions by defunct crypto exchange Mt. Gox weighed on sentiment.
Strength in the weighed on broader crypto prices, as traders remained largely biased towards the greenback in anticipation of key U.S. inflation data this Friday. A reading on first-quarter economic growth is also on tap.
rose 0.7% over the past 24 hours to $61,465.7 by 08:29 ET (12:29 GMT). The world’s largest cryptocurrency had fallen as far as $59,000 earlier this week, as risk appetite remained largely negative.
Mt. Gox liquidators say Bitcoin sales to begin in July
Liquidators of the now-defunct crypto exchange Mt. Gox, which had collapsed from a hack in 2014, said this week that they will begin distributing tokens stolen from clients in the first week of July.
The liquidators…
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