Bitcoin nears $62,000 amid Mt. Gox customer repayments

) hovers below $62,000 Wednesday morning as the cryptocurrency has run up by nearly 40% in 2024 year-to-date. Yahoo Finance Senior Markets Reporterexplains how circumstances that may allow the crypto asset to run higher as 140,000 bitcoin will be released by theYou can see it's up about half a percent over the trailing 24 hours.

So, uh, if every continues the way it's been going for the last few months, you would expect it to retrace to the top. What you see here is we are just consolidating that the consolidation area is really small that we are just looking at on this longer term chart.And this is another consolidation area, but just at a lower level.So not all crypto has come back, and we have a lot of laggards.

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