Bitcoin Back to $62,000, Longs Back to $100,000 Goal

Bitcoin briefly rallied to $62,000 in early Asian trading as cryptocurrency markets continued their recovery from a selloff earlier in the week. btc then fell to trade just above $60,500, up more than 5.5 per cent from 24 hours ago. the CoinDesk 20 index (CD20) rose around 3.9 per cent, with ethereum making the biggest gains, rising nearly 7.75 per cent to 2,540. Crypto assets mirrored the U.S. stock market, which also recovered from Monday's slump. The Standard Poor's 500 Index posted its best one-day performance since November 2022 on Thursday, while the Nasdaq 100 Index rose 3.1 per cent.