Bitcoin (BTC) price reaches $62,000 as leading cryptocurrencies rebound after soft job data: DOGE, SHIB, NEAR

Arthur Hayes, former CEO of cryptocurrency exchange BitMEX, said in his article: latest essays By Friday morning, Bitcoin had likely bottomed at this week’s low of $56,000, but warned investors to expect a gradual rise rather than a quick recovery to March highs as the market will cool in the coming months. “Did Bitcoin hit a new low earlier this week(…),” asked Hayes. “Yes,” he concluded. “I expect prices to bottom out, chop up, and slowly start grinding higher.”