📢Market Watch: Bitcoin Bounces Back Amid Market Fluctuations📊
Bitcoin (BTC) is showing signs of recovery after a notable decline earlier this week 📉. On Monday, Bitcoin tumbled over 7%, dropping from $63,000 to approximately $58,500. However, by Wednesday morning, it had rebounded to around $61,500 📈, marking a 7% increase from its weekly low.
This recent dip has been partly attributed to news that Mt. Gox’s trustee may start distributing over $8.5 billion in crypto (140,000 BTC) 💰 to creditors next month. Despite the rebound, Bitcoin is heading for a down month, with prices in June falling about 10%. Over the past four months, Bitcoin has oscillated between $70,000 and $60,000 🔄, unable to maintain steady gains since peaking at over $73,000 in March.
Investors are now eagerly awaiting new developments that could inject volatility and invigorate trading activity.
🔍Crypto Scouts analytics team
