Crypto prices stage a weekly recovery, but bears still hold the structural advantage: Crypto Markets Today

CoinDesk Staff

(11:11 AM UTC)

1 min read

Bitcoin price (CoinDesk data)

Summary

Bitcoin recovered to $61,600, up 6.5% from Tuesday's low of $57,750, after weak U.S. jobs data lowered expectations for a Federal Reserve rate hike and lifted Nasdaq 100 futures by 1.9%.
Ether dominated the derivatives picture, accounting for $160 million of the $417 million in 24-hour liquidations as heavily bearish positioning was squeezed out, with ETH open…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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