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Headline : Bitcoin breaks above 63K gain as crypto market turns green  

Read more from the original article on here at nairametrics.com.






Tags : #bitcoin #breaks #above #63k #gain #crypto #market #turns #green



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The crypto market turned green as Bitcoin rebounded strongly on Saturday morning sparking hopes that the worst of the meltdown might be over 

BTC surged almost 5% to briefly above $63,000 today’s early trade following a cooler-than-expected U.S. April jobs report that eased concerns about higher interest rates. At press time bitcoin was changing hands at $63,100, up 6% with a market valuation of $1.24 trillion 

Arthur Hayes, former CEO of BitMEX, stated that the pioneer crypto asset has probably bottomed out at this week’s low of $56K. However, he cautioned investors not to expect a quick return to the March highs, but rather a gradual increase over the next several months as markets moderate.

“Did bitcoin hit a local low […] earlier this week,” Hayes responded. “Yes,” was his response. “I expect prices to bottom, chop, and begin a slow grind higher.” 

Read more from the original article on here at nairametrics.com.


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