Reported 6 months ago
On July 17, 2024, at 4:10 pm, Bitcoin's price surged, briefly crossing the $66,000 mark. Ripple (XRP) led the cryptocurrency market's gains, overcoming the shadow of the Mt. Gox collapse. The CEO of CryptoQuant mentioned that the Mt. Gox settlement plan did not dampen the market's bullish sentiment. Bitcoin reached its highest price in four weeks, hitting $66,128 at one point before retracting to around $64,874. Concerns about selling pressure were deemed 'overestimated,' with analysts predicting that Bitcoin prices would only drop by a maximum of 10% if Mt. Gox creditors sold off assets.
Source: YAHOO