Reported 2 months ago
Bitcoin rebounded above $60,000, gaining 5.3% on Friday, as Asian stocks recovered following a challenging week that saw significant declines. Ether also rose by 6%, although both cryptocurrencies remained lower than the previous week. Experts assess that recent volatility is linked to macroeconomic conditions and forced selling by speculators, while also noting that the recent selloff has eliminated many leveraged positions.
Source: YAHOO