Bitcoin surged in pre-market trading, rebounding from a dramatic sell-off that had pushed the cryptocurrency to its lowest level in over a year. The rally began after prices touched the significant $60,000 mark, sparking a recovery from what has been described as a brutal week of selling.
The sharp downturn in crypto markets has been linked to broader volatility in global technology stocks and a general move by investors to reduce exposure to riskier assets. After losing roughly half its value since its October peak, Friday's bounce suggests some investors are stepping back in, though the market remains sensitive to macroeconomic trends and overall risk appetite.
Market Impact: Bitcoin (BTC) rose +4.97% since the last session close. Ethereum (ETH) gained +2.54%.