Bitcoin Surpasses $57,000: Mt. Are Gox and Germany Sales Priced?

While Bitcoin is rising above 57 thousand dollars again, it is said that selling pressures may be priced in.

Bitcoin surpassed $57,000 again, reversing the 4% loss in the last 2 days. Ethereum regained the $3,000 level. Markets, Mt. Gox's repayments have largely been priced in, and all eyes are now on the policies of the US Federal Reserve (FED).

Bitcoin regained $57,000 during European trading hours on Monday morning, reversing a 4% loss during the Asian trading session. Some major cryptocurrencies rose as much as 3%. Ethereum has risen back above $3,000 after losing that level on Friday.

Altcoins are on the rise, Mt.Gox is behind

Cardano (ADA) led the way with a 3.3% increase in the last 24 hours, while Solana (SOL), BNB Chain (BNB), and Dogecoin (DOGE) were also up at least 1%.

Celestia (TIA) became the biggest gainer among tokens with market caps between $1 billion and $5 billion, rising 15% ahead of the main event Modular Summit conference on Thursday.

Mt. BTC investors are again following US Federal Reserve speeches and policies as the impact of Gox refunds is largely priced in. Last week on Friday Mt. After Gox started moving millions of dollars worth of Bitcoin to the Japan-based bitBank exchange, Bitcoin dropped by more than 8% within hours, falling to $53,600.

But the exchange's trading desk, Mt. He stated that they expect less market impact from Gox wallet movements going forward.