Bitcoin (BTC-USD) hovers below $62,000 Wednesday morning as the cryptocurrency has run up by nearly 40% in 2024 year-to-date. Yahoo Finance Senior Markets Reporter Jared Blikre explains how circumstances that may allow the crypto asset to run higher as 140,000 bitcoin will be released by the defunct Japanese bitcoin exchange Mt. Gox in July.

Blikre also takes a look at the price action of other cryptocurrencies like solana (SOL-USD), cardano (ADA-USD), and ethereum (ETH-USD).

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.