Bitcoin Surges Despite Recent Volatility
Bitcoin's price experienced a significant rebound, climbing nearly 7% to reach $60,916.2, recovering from its earlier dip to $49,000. This resurgence is attributed to an improvement in risk sentiment across financial markets, driven by positive U.S. labor market data. Such data suggested that a potential U.S. economic slowdown might not be as imminent as previously feared, providing a boost to risk-driven assets like cryptocurrencies and equities.
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