<\/p>\n\n\n\n
Bitcoin’s price climbed on Monday, continuing a weekend rebound after the defunct crypto exchange Mt Gox delayed its asset repayment to creditors by a year, alleviating concerns about a near-term sell-off. Despite the gains, broader crypto markets remained rangebound, with limited positive catalysts. Last week, prices were shaken by concerns over potential U.S. regulatory actions.<\/p>\n\n\n\n
Bitcoin rose 1.7% to $63,913 by 01:32 ET (05:32 GMT). Trading volumes were muted on Monday due to a holiday in Japan.<\/p>\n\n\n\n
Mt Gox Postpones Repayment Deadline<\/strong> Earlier this year, fears over the distribution had triggered significant losses in Bitcoin due to concerns about a massive increase in supply.<\/p>\n\n\n\n Bitcoin Remains Rangebound<\/strong> Prices were also pressured by concerns over potential regulatory action, after the U.S. Securities and Exchange Commission (SEC) sued a crypto market maker last week for operating as an unregistered dealer. Meanwhile, a crypto exchange filed a lawsuit against the SEC, accusing the regulator of overstepping its authority in regulating a futures contract.<\/p>\n\n\n\n The SEC has ongoing cases against major crypto exchanges over the classification of cryptocurrencies, specifically whether they should be considered securities.<\/p>\n\n\n\n Crypto assets have underperformed compared to stock markets in recent sessions, with the prospect of a slower reduction in U.S. interest rates adding to market caution.<\/p>\n\n\n\n Altcoins Track Bitcoin’s Gains<\/strong> Bitcoin’s price climbed on Monday, continuing a weekend rebound after the defunct crypto exchange Mt Gox delayed its asset repayment to creditors by a year, alleviating concerns about a near-term sell-off. Despite the gains, broader crypto markets remained rangebound, with limited positive catalysts. Last week, prices were shaken by concerns over potential U.S. regulatory actions. …<\/p>\n","protected":false},"author":9,"featured_media":98174,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[9231,6885,6851],"class_list":["post-107078","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin-price","tag-fed","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=107078"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107078\/revisions"}],"predecessor-version":[{"id":107079,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/107078\/revisions\/107079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98174"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=107078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=107078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=107078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Last week, Mt Gox trustees announced that they would distribute the remaining assets\u2014stolen during a 2014 hack\u2014by October 31, 2025. The exchange had begun returning nearly $9 billion worth of stolen tokens, primarily Bitcoin, to creditors in July. However, recent data showed that $2.8 billion worth of tokens were still held by the trustees.<\/p>\n\n\n\n
Despite some recent gains, Bitcoin remained confined to a trading range seen throughout much of the year, between $50,000 and $65,000. The token struggled to surpass $65,000 due to a lack of positive market drivers.<\/p>\n\n\n\n
In the broader crypto market, most altcoins mirrored Bitcoin\u2019s performance. Ether, the second-largest cryptocurrency, rose 2.7% to $2,529.79. SOL and XRP gained 3.6% and 0.2%, respectively, while ADA and MATIC posted slight declines. Among meme tokens, DOGE saw a minor dip.<\/p>\n","protected":false},"excerpt":{"rendered":"