20 Hrs
Source:
الاقتصادية
Bitcoin rises above $61K after $1.6B loss
Bitcoin managed to recover and broke through the $61,000 mark after a temporary dip below $60,000, following a massive liquidation wave worth approximately $1.6 billion. This was driven by the release of US jobs data that exceeded expectations. The market reaction heightened concerns about US monetary policy, leading to rising bond yields and a stronger dollar, which negatively impacted the market broadly. This included a decline in the Nasdaq 100 and S&P 500 indexes, as well as losses in other cryptocurrencies like Ethereum and Solana. Investment forecasts remain linked to Bitcoin remaining above $60,000, especially since the selling wave resulted in the liquidation of significant positions amid decreased inflows to Bitcoin investment funds.
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