Bitcoin dropped below the $75,000 mark on Friday, November 6, but quickly recovered to around $76010Y129.US 5,600 as US stock markets bounced back from Thursday's sharp sell-off.
The recovery was largely driven by semiconductor stocks, which gained momentum following a stronger-than-expected October US jobs report.
đ The Nasdaq climbed approximately 2% shortly after the market opened, while the iShares Semiconductor ETF surged 6.5% after experiencing a double-digit decline the previous day. The S&P 500 also gained around 1%.
Meanwhile, the US economy added 165,000 jobs in October, significantly exceeding Wall Street's average forecast of 65,000 jobs.
Bitcoin's recovery is bringing fresh attention to the crypto market, but investors are still watching whether this positive momentum can continue.
Can BTC maintain its recovery and move higher, or will market volatility bring another dip?