@nancydelagrange1
Bitcoin’s BTCUSD -0.60% price rose on Friday as cryptocurrencies recovered from a selloff earlier this week.
The largest and oldest token rose 6.7% by Friday morning to $60,998 after briefly touching $62,000, before retreating somewhat.
The large-cap token continues to baffle some investors, although its moves this week have echoed the stock market’s swings. Mirroring the global selloff in stocks on Monday, which put the S&P 500 on the brink of correction, cryptocurrencies also tumbled.
But the S&P 500 SPX 0.00% had its best single-day performance since 2022 on Thursday, led higher by technology stocks, and Asian markets including Japan’s Nikkei closed higher. Again, cryptos followed.
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