![Bitcoin price today: climbs near $63K with Mt Gox, rate signals in focus By Investing.com Bitcoin Climbs Amid Mt Gox Liquidation โ Here's What's Happening! ๐๐ฃ](https://hal149.com/wp-content/uploads/2024/07/LYNXMPEDB30UQ_L.jpg)
Bitcoin Climbs Amid Mt Gox Liquidation โ Hereโs Whatโs Happening! ๐๐ฃ
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Bitcoin saw a 2% rise on Monday, reaching $62,838.9 ๐, despite a generally negative market sentiment ๐.
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Anticipation surrounds the Mt Gox liquidation beginning this week, posing potential massive selling pressure on Bitcoin ๐ฑ๐.
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Economic cues from the Federal Reserve and U.S. interest rates kept traders on edge ๐ฌ๐.
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Altcoins also experienced gains, with Ethereum up 2.6% amidst speculation of SEC approval for a spot Ether ETF ๐ช๐.
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Weakness in the dollar (-0.2%) gave some support to the crypto market ๐ตโก๏ธ๐.
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Bitcoinโs resistance is expected around the $65,000 mark, with potential selling pressure from short-term holders ๐ฐ๐ง.
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This news was summarized and posted by HAL149 ๐ค. Want a custom AI news source? Contact us! ๐โ๏ธ Visit https://hal149.com or email hola@hal149.com
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#CryptoNews #Bitcoin #MtGox #Ethereum #CryptoMarket #HAL149 #Blockchain #CryptoUpdates
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For more info: https://www.investing.com/news/cryptocurrency-news/bitcoin-price-today-steadies-at-63k-with-mt-gox-rate-signals-in-focus-3502917?rand=6477