Bitcoin broke above $70,000 on Friday, just one day after narrowly avoiding falling below the key $60,000 mark, as part of a stunning rebound.
The token rose to as much as $71,458.01 on Friday, up more than 11% on the day. It was last trading at $70,411.33 as of 3:16 p.m. ET.
The forceful rebound followed the flagship cryptocurrency’s dive below $61,000 on Thursday, marking a 15% plunge on the day. It comes as some investors are snapping up bitcoin after its more than 50% decline from its record high above $126,000 hit last October.............
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The token rose to as much as $71,458.01 on Friday, up more than 11% on the day. It was last trading at $70,411.33 as of 3:16 p.m. ET.
The forceful rebound followed the flagship cryptocurrency’s dive below $61,000 on Thursday, marking a 15% plunge on the day. It comes as some investors are snapping up bitcoin after its more than 50% decline from its record high above $126,000 hit last October.............
Bitcoin rebounds back above $70,000 after nearly breaking below $60,000 a day ago
Some market analysts have suggested bitcoin could fall further, potentially hitting between $40,000 to $50,000.
