Bitcoin has been experiencing extreme volatility recently, and it seems like the rollercoaster ride is not going to stop anytime soon. Earlier this week, the leading cryptocurrency’s price dropped from $70,000 to around $50,000. However, in less than a week, Bitcoin’s price has rebounded back to $60,000.
On Friday morning, the leading cryptocurrency was trading at around $60,000, marking a 4.5% increase in the past 24 hours. This recovery had a positive impact on the entire cryptocurrency market, with the second-largest cryptocurrency, Ether, gaining over 5.5% and reaching $2,600. Other major cryptocurrencies, such as BNB, Toncoin, and Dogecoin, also experienced recoveries, with gains of 3%, 3.5%, and 2.6%, respectively, in the past 24 hours.
The recovery in the cryptocurrency market is mainly attributed to the stock…
