Coin World News: Bitcoin price rebounded to around $62,000 after a sharp sell-off, although weak institutional demand and ongoing macroeconomic risks still keep traders cautious.

On June 25, Bitcoin price recovered to around $61,800, after hitting an intraday low of about $59,175 the previous day.
The rebound was accompanied by a strong wave of buying, as the four-hour relative strength index fell to its lowest level since August 2023, which typically attracts traders seeking oversold entry points.
Meanwhile, creditors of the Mt. Gox exchange are expected to start receiving approximately $9 billion worth of Bitcoin in July, raising concerns in the market about a potential massive sell-off of these coins.
The German government is also continuing to transfer confiscated Bitcoin to centralized exchanges, adding to short-term supply sources.