Cryptocurrencies recovered from a sharp sell-off earlier in the week to rise, with Bitcoin topping $62,000 in one fell swoop on Friday.

Bitcoin gained more than 12 percent, rising above $62,000 at one point, well above the support level of $55,000 that has been in place for most of the year, the data showed. Ether jumped more than 14 percent, approaching $2,700. At one point on Wednesday, bitcoin and ethereum also led the cryptocurrency market and related stocks lower