Bitcoin surged 12% to reach $62,000!

On Thursday, Bitcoin broke records with an impressive 12% surge, climbing to a peak of $61,720. This marks the largest daily increase since February 2022. Concurrently, the total market value of cryptocurrencies increased by 11%, reaching a staggering $2.11 trillion.

The release of positive employment data during U.S. trading hours was the driving force behind this remarkable growth. Analysts warn that the $61,800 level will be a tough barrier for continued ascent, while strong support is at $54,000.

The future price of Bitcoin (BTC) will depend on crucial factors such as geopolitical tensions and Federal Reserve decisions. Investors are closely monitoring these factors to predict the next move of this popular cryptocurrency.