Bitcoin price today: rebounds to $60k as risk sentiment improves
Investing.com-- Bitcoin price rose on Friday, tracking a surge in broader risk-driven markets as positive U.S. labor market helped soothe some concerns that a recession was imminent, with altcoin prices also rallying.The world’s biggest cryptocurrency recouped a bulk of its losses this week, having slumped as far as $49,000 on Monday amid a broader market rout.
BOJ officials said this week that the bank will not hike rates during periods of market volatility, helping improve sentiment. Losses in the Japanese yen also signaled a recovery in risk appetite.Labs, the issuer of the token, was slapped with a $125 million fine in a long-running lawsuit with the Securities and Exchange Commission.
Additionally, the case did not answer the long-running regulatory question of whether crypto tokens do qualify as securities. The SEC is also expected to potentially appeal an earlier ruling which said Ripple’s XRP sales to retail investors did not qualify as security sales.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Price Analysis: BTC Bulls Back in Town but Will $60K Fall?Crypto Blog
Read more »
Bitcoin Price Analysis: BTC Not Quite Ready to Challenge $60K, Watch This Level FirstCrypto Blog
Read more »
Bitcoin sellers are trying to keep BTC price below $60KBitcoin bulls begin the charge toward $60,000, but sellers are lying in wait as BTC price gains struggle to hold.
Read more »
Bitcoin Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be ChoppyKrisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
Read more »
Bitcoin Plunges Under $60K; Crypto Bulls Lose $200M as Dogecoin, Solana Tokens Drop 10%Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »
Altcoins Bleed Out Heavily as Bitcoin (BTC) Slumps to $60K Support (Weekend Watch)Crypto Blog
Read more »