Bitcoin Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be Choppy

Cryptocurrencies continued their rebound higher on Thursday with bitcoin (BTC) nearing $60,000 for the first time since last weekend's carnage.

Bitcoin advanced 6.4% over the past 24 hours, currently changing hands at $59,500. Ether (ETH) topped $2,600, up 8.8% during the same period, snapping its losing streak against BTC.