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News Explorer — Bitcoin Rises 5% While Analysts Say Mt. Gox Repayment Fears Are 'Overblown'

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Jul 10, 6:50 am
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Bitcoin Rises 5% While Analysts Say Mt. Gox Repayment Fears Are 'Overblown'

The crypto market rebounded after the 4th of July celebrations, with Bitcoin rising 5% to reach $59,300 before retracing slightly. Liquidations across the market reached $100 million, a small sum compared to the $600 million wiped out last week. U.S. Bitcoin exchange-traded funds saw an influx of $438 million in recent days, bringing their total asset value to $49.3 billion.

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