Investing.com– Bitcoin price staged a flat performance on Friday, taking a breather from steep losses over the past month as anticipation of a major distribution by defunct exchange Mt Gox kept traders on edge over further price weakness.
Sentiment towards broader crypto markets was also on edge before a key U.S. inflation reading due on Friday, which is likely to factor into the outlook for interest rates.
rose 0.1% over the past 24 hours to $61,367.0 by 08:58 ET (12:58 GMT).
Mt Gox liquidation fears persist, Bitcoin heads for June loss
Distributions of tokens stolen from the Mt Gox exchange in 2014 remained the biggest point of concern for Bitcoin. Liquidators for the exchange said distributions will begin in early July, and will see stolen Bitcoin and tokens being returned to clients.
Given that the tokens will be at a substantially higher value than when they were stolen, traders speculated…
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