BTC Regains $60K After Weekly Drop

Bitcoin rose above $60,000 during the late European morning after a sharp drop earlier this week. The largest cryptocurrency was trading around $60,350, nearly 6% below Monday’s $64,000 starting level. The downtrend may now have stalled before a fresh near-term rally. The broader digital asset market is down about 0.45% over the past 24 hours, according to data from CoinDesk Indices. Ether rose about 1.35% to around $2,550 after spot ether ETFs recorded $5.9 million inflows on Wednesday, ending a nine-day losing streak.