Investing.com– Bitcoin was little changed in price on Tuesday as expectations for the distribution of tokens from the now-defunct Mt Gox exchange and closely watched interest rate signals kept cryptocurrency markets on edge.

Fund flow data showed digital assets recorded a third straight week of outflows, although sentiment appears to be improving after keen outflows in June.

fell 0.4% in the past 24 hours to $63,039.3 by 01:19 ET (05:19 GMT). The world’s largest cryptocurrency saw bulky losses in June and stayed in a range of $60,000 to $70,000 for most of the second quarter.

Bitcoin price cut on Mt Gox sell-off fears

Attitudes toward Bitcoin have shown circumscribed signs of improvement, particularly after Mt Gox executives announced that they would begin distributing Bitcoins stolen in a 2014 hack in early July and returning them to the exchange’s customers.

Mt Gox was seen mobilising around $9 billion in bitcoin earlier this year, although it was unclear how much the distributions would involve. However, traders speculated that bitcoin recipients would be more likely to sell, given that the token has grown exponentially over the past decade.

Such a scenario means huge selling pressure for Bitcoin, which will likely impact prices.

Cryptocurrency outflow slowed in the last week

Data from digital asset manager Coinshares showed on Monday that capital outflows from cryptocurrency investment products slowed sharply in the week ending July 1.

However, trading volumes have remained well below 50% of the weekly average this year, and retail interest in cryptocurrencies appears to be failing once again.

Ethereum-related products saw the biggest outflows this week, despite reports suggesting the Securities and Exchange Commission could approve an ether-based ETF as early as this week.

Cryptocurrency Price Today: Altcoins Muted on Interest Rate Concerns

Among the broader cryptocurrencies, altcoin prices have been holding steady as investors remain wary of cryptocurrencies ahead of key US interest rate signals.

fell by 0.9%, while and increased slightly.

Among meme tokens, the decline was 2.2% and the decline was 1.3%.

On Tuesday evening, the market’s attention was focused solely on a certain address.

In addition, the first information will be published on Wednesday, and the most crucial data on Friday.

Cryptocurrencies gained circumscribed support due to rising expectations of a Fed rate cut in September as investors remained largely bullish on the dollar.