Bitcoin price returns to $60K as US dollar strength rejects weekly high
CoinTelegraph·
60-second summary
Bitcoin price surges above $60,000, marking a significant return to pre-downturn levels, as traders anticipate a relief rally throughout July. Strong market sentiment and a predicted rebound from recent lows drive the surge. The US dollar's rejection of its weekly high further supports the rally, potentially paving the way for a sustained price increase.
Bitcoin started July with a bang, rallying above $60,000 as traders predict a relief rally as the “base case” throughout the month.