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Bitcoin Briefly Tops $62,000 as Global Recession Fears Subside.
Bitcoin climbed past $62,000 Friday morning, after fears of a global recession eased on lower-than-expected U.S. initial jobless claims.
Bitcoin has gained 6% in the past day and climbed past $62,000 for the first time since last week the day after the U.S. initial jobless claims came in lower than expected and calmed fears of a global recession.
At the time of writing, Bitcoin's price has retraced slightly to around $60,270, up 4.2% on the day according to CoinGecko data. Earlier this morning it surged as high as $62,490.53.
The world's oldest and largest cryptocurrency by market cap has also seen $91 billion traded in the past day, according to Coinglass—which tracks derivatives as well as spot market activity.