Investing.com – Bitcoin’s price rose on Monday, extending a weekend rebound as now-defunct cryptocurrency exchange Mt Gox postponed plans to return assets to creditors for a year, easing fears of short-term selling.

However, the token, along with broader cryptocurrency prices, still remained largely range-bound, despite some broader positive signals for cryptocurrency markets. Last week, prices were rocked by fears of further regulatory action in the US.

rose 1.7% to $63,913 by 01:32 ET (05:32 GMT). Trading volumes were confined on Monday due to a holiday in Japan.

Mt Gox postpones the repayment date

Last week, Mt Gox trustees said they would distribute remaining assets owed to creditors by October 31, 2025, which were stolen in the 2014 burglary.

The now-defunct exchange began returning nearly $9 billion worth of stolen tokens – most of it Bitcoin – to creditors in July. However, recent data showed that custodians still hold $2.8 billion worth of tokens.

Distribution fears caused deep losses in Bitcoin earlier this year, given that it resulted in a massive surge in deliveries.

Bitcoin remains in a confined range

However, despite some gains in recent sessions, Bitcoin has remained broadly in the trading range seen for most of the year – between $50,000 and $65,000.

The token struggled to break above $65,000 in the absence of positive signals.

Prices also fell on fears of further regulatory action after the U.S. Securities and Exchange Commission last week sued cryptocurrency market maker Cumberland for acting as an unregistered dealer of crypto assets.

On the other hand, cryptocurrency exchange Bitnomial has sued the SEC for allegedly exceeding its authority in regulating the XRP futures contract.

The SEC is pursuing several cases against major cryptocurrency exchanges, including COIN and Kraken, over the nature of cryptocurrencies – specifically whether they are considered securities.

Crypto assets have largely lagged stock market gains in recent sessions, while the prospect of a slower decline in U.S. interest rates also weighed on sentiment.

Cryptocurrency Price Today: Altcoins Track Bitcoin Gains

Among broader cryptocurrency prices, most altcoins saw gains in Bitcoin.

The world’s No. 2 cryptocurrency rose 2.7% to $2,529.79. and increased by 3.6% and 0.2%, respectively, and decreased.

Among meme tokens, it decreased slightly.