Bitcoin stays steady at $58k, lags behind overall market recovery

From Investing.com

August 16, 2024 2:12:43 am:

Bitcoin price fell slightly on Friday, staying in a $50,000 to $60,000 range. Crypto markets lag stock recovery, affected by Mt Gox potentially distributing more Bitcoin. Improved market sentiment did not boost crypto prices, with altcoins like Ethereum also drifting lower this week. Global stocks surge as fears of a U.S. recession ease.

Read more at Investing.com: steady at $58k, lags broader market recovery By Investing.com