Bitcoin Hits $62K as Cryptos Bounce

Bitcoin will likely trade in a range between $60,000 and $70,000 through the next few months, the former BitMEX CEO said.

Bitcoin jumped nearly 5% following soft U.S. jobs data.

The dovish Fed meeting results mean the U.S. dollar's surge likely topped, helping cryptocurrencies, Coinbase analysts said.

BTC surged almost 5% to briefly above $62,000 during U.S. morning hours 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 $61,600, up 4.4% and outperforming the broad-market CoinDesk 20 Index's (CD20) 3% advance over the past 24 hours.

BITCOIN will reach beyond $100000??