Bitcoin Price Today: BTC Flat as Mt. Gox Liquidation Fears Persist, Ether Sees Some Bids From ETF Hopes

Bitcoin price moved little on Friday, nursing steep losses over the past month as anticipation of a major distribution by defunct exchange Mt Gox kept

Bitcoin price showed little movement on Friday, nursing steep losses over the past month as anticipation of a major distribution by defunct exchange Mt Gox kept traders worried about further price weakness.

Sentiment towards broader crypto markets was also on edge ahead of a key U.S. inflation reading due on Friday, which is likely to factor into the outlook for interest rates.

Bitcoin rose 1.2% over the past 24 hours to $61,515.2 by 01:39 ET (05:39 GMT).

Bitcoin price rose about 1.2% over the past 24 hours to $61,515.2 by 01:39 ET (05:39 GMT), and was trading in a range of $61,331.2 to $62,166.2.

The world’s largest cryptocurrency was now on course for a nearly 9% tumble in June.

Mt Gox liquidation fears persist, Bitcoin heads for June loss

Distributions of tokens stolen from the Mt Gox exchange in 2014 remained the biggest point of concern for Bitcoin.

Liquidators for the exchange said earlier this week that distributions will begin in early July, and will see stolen Bitcoin and Bitcoin Cash tokens being returned to clients.

Given that the tokens will be at a substantially higher value than when they were stolen, traders speculated that receivers were likely to sell their tokens, representing a massive sale event for Bitcoin, which could potentially bring down prices substantially.

This notion weighed heavily on Bitcoin prices through the week, and put the world’s largest crypto on course for a nearly 9% tumble in June.

Bitcoin price movements over the past 24 hours came within a range of $61,331.2 to $62,166.2, with about 1.2% in gains over the past 24 hours.

After hitting highs of nearly $68,000 in early June, Bitcoin prices fell sharply amid speculations over the upcoming Mt. Gox token distribution.

The token distribution is set to begin in early July, with stolen Bitcoin and Bitcoin Cash tokens being returned to clients of the exchange, which collapsed in 2014.

Since the tokens will be valued at a price that is significantly lower than the current market value, there were speculations that many of the receivers will be looking to sell their tokens immediately.

This could potentially lead to a large sell-off in the Bitcoin market, which might drive down prices substantially.

Further, Bitcoin was also seen nursing losses for the month of June, with prices being set for a nearly 9%跌幅 as of Friday.

Crypto price today: Ether sees some bids from ETF hopes

Broader crypto prices drifted higher on Friday, but were still nursing losses through June.

World no. 2 token Ether rose about 1%, buoyed by reports that the Securities and Exchange Commission could approve a spot Ether exchange-traded fund by as soon- as next week.

But the token was also trading down nearly 9% in June.

SOL, XRP and ADA rose between 1.4% and 6%, and were also nursing losses through June. Trading volumes in the altcoins were also limited.

Among meme tokens, DOGE and SHIB rose over 2% each on Friday.

Strength in the dollar, which hit a two-month high, pressured crypto prices, as traders pivoted into the greenback ahead of PCE price index data due later on Friday.

The reading is the Federal Reserve’s preferred inflation gauge, and is likely to tie into the outlook for interest rates.

The prospect of high for longer interest rates was a key weight on crypto prices through June, given that the sector usually thrives in a low-rate, highly speculative environment.

World no. 2 token Ether rose about 1.4% over the past 24 hours to $47,266 by 01:39 ET (05:39 GMT), and was seen trading in a range of $46,966.2 to $47,666.2.

After hitting highs of nearly $52,000 in early June, Ether prices fell sharply amid speculations over the upcoming Mt. Gox token distribution.

The token distribution is set to begin in early July, with stolen Bitcoin and Bitcoin Cash tokens being returned to clients of the exchange, which collapsed in 2014.

Since the tokens will be valued at a price that is significantly lower than the current market value, there were speculations that many of the receivers will be looking to sell their tokens immediately.

This could potentially lead to a large sell-off in the Bitcoin market, which might drive down prices substantially.

Further, Ether was also seen nursing losses for the month of June, with prices being

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