From Investing.com: 2024-06-26 01:43:39

Bitcoin price remained steady on Wednesday, recovering from recent losses due to fears of Mt. Gox selling pressure. Other cryptos were affected by the U.S. dollar’s strength and upcoming economic data, with Bitcoin rising 0.9% to $61,597.0.

Mt. Gox liquidators announced plans to distribute stolen tokens in July, potentially adding to selling pressure on Bitcoin. Clients may sell off assets received at higher prices, contributing to the downward trend in crypto prices. German authorities selling confiscated Bitcoin also impacted sentiment.

Altcoins saw gains this week as Bitcoin sentiment soured. Ethereum rose 0.2% to $3,382.25, while Dogecoin and Cardano added 0.8% and 0.5% respectively. Shiba Inu and Safemoon also saw positive movements, while Solana lagged, falling 1%.

Read more at Investing.com: flat at $61k as Mt. Gox sales approach By Investing.com