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International Business Times

Business

Marvie Basilan

Bitcoin Begins Road To Recovery At $63,000 But MtGox Dump Fears Loom

Bitcoin MtGox CoinGecko Mt Gox United States

Following its struggle around the $60,000-line, Bitcoin has gradually recovered to $63,000. However, fears around the multibillion-dollar dump from MtGox starting this week loom around the world's largest cryptocurrency. (Credit: Bybit/flickr.com)

KEY POINTS

Bitcoin passed $63,600 at one point on Sunday night before holding at the $63,000 lows early Monday
Other coins were also up, including ETH, BNB, and Solana's SOL following positive news last week
Some observers expect BTC to come in 'strong' this month due to the coin's historical patterns

Bitcoin opened the week strong after the world's largest cryptocurrency by market value climbed from the $61,000 lows to $63,000 over the weekend, marking the end of the digital coin's weeks-long struggle near the $60,000 line.

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