Investing.com– price rose marginally on Thursday, remaining pinned within a trading range as anticipation of key U.S. economic data, which is likely to factor into the outlook for interest rates, kept traders to the sidelines.
Easing concerns over a massive potential sell event by defunct exchange Mt Gox offered Bitcoin some relief. But this was countered by strength in the dollar, which rose to an over two-week high as anticipation of more economic data kept traders largely biased towards the greenback.
Bitcoin climbed 0.5% in the past 24 hours to $68,109.3 by 08:42 ET (12:42 GMT). The world’s largest cryptocurrency remained well within a $60,000 to $70,000 trading range established since mid-March.
Inflation, rate angst keeps Bitcoin under pressure
Crypto markets were reeling from a string of hawkish comments from the Federal Reserve over the past two weeks,…
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