Bitcoin price falls to $64,818.4 on Mt Gox concerns, altcoins retreat

From Investing.com

July 17, 2024 10:15 PM:

Bitcoin price fell on Thursday due to concerns over Mt Gox token distributions, dropping 1.3% to $64,818.4. Mt Gox wallets mobilized $2.8 billion, sparking fears of increased supply and selling pressure. Despite this, Bitcoin rebounded on speculation of a second Trump presidency and weakness in the dollar.

Altcoins retreated as the overall crypto market cooled. Ethereum dropped 2.2% to $3,423.02, while Ripple fell 3.3% after rumors of an SEC settlement. Other major cryptos traded flat, with SHIB falling 3.8% and DOGE shedding 2.7%.

Read more at Investing.com: down to $64k as crypto rebound cools, Mt Gox fears persist By Investing.com