Cryptocurrencies
Bitcoin Bounces Back Above $60,000 as Stocks Extend Recovery
- The largest cryptocurrency rose as much as 5.3% on Friday
- The rally follows a sharp selloff spanning stocks and crypto
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Bitcoin continued to rally in tandem with a rebound in global equities on Friday after a bruising selloff.
The original cryptocurrency rose as much as 5.3% to briefly top $62,600, extending gains from Thursday. The moves marked a turnaround from earlier this week when the market posted its steepest decline since the days of FTX’s collapse in 2022. Second-ranked Ether climbed as much as 6%.