From Investing.com: 2024-07-03 01:43:55

Bitcoin price fell as traders feared mass selling from Mt Gox distributions. The world’s biggest cryptocurrency dropped 3.3% to $60,976.6 amid uncertainty over U.S. interest rates. Traders worried about planned distributions and speculated on increased selling pressure, further fueled by dumping activities from other entities.

Altcoins remained subdued as broader crypto markets retreated. Ether fell 2.8% to $3,360.84, while other tokens traded in a tight range. Crypto struggled to gain support despite a decline in the dollar. Federal Reserve Chair Jerome Powell’s comments on inflation and interest rates added to market jitters. Data on U.S. inflation is awaited on Friday.

Read more at Investing.com: down to $60k amid Mt Gox dumping fears By Investing.com