Investing.com– price jumped on Friday, recovering some measure of losses this week as crypto markets awaited an address by Republican presidential nominee Donald Trump at the Bitcoin Conference this weekend.
The rose 5% in the past 24 hours to $67,295.0 by 09:06 ET (13:06 GMT), recovering from lows of around $63,000 hit earlier in the week.
Bitcoin was caught up in a wave of selling pressure across global financial markets, which saw investors dump risk-driven assets. This risk-off trend was particularly damaging to crypto, given the sector’s highly speculative nature.
But this risk-off trend appeared to easing somewhat on Friday.
Analysts optimistic as Bitcoin approaches key resistance level
Some analysts are growing increasingly optimistic about Bitcoin’s price outlook following a rebound toward a critical resistance level earlier this week.
After testing the 50-day simple moving average…
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