Cryptocurrency Market Recovers: What’s Next?

Jul 14, 2024

Bitcoin saw a modest uptick on Monday morning, rising by 0.29% to trade at approximately $57,000.

The leading cryptocurrency had previously fallen to $55,000 on Friday when the defunct crypto exchange Mt. Gox started repaying its creditors with Bitcoins worth billions of dollars, causing a substantial sell-off. Despite this recent recovery, Bitcoin remains over 8% below its high from last week.