Bitcoin briefly broke above $70,000 on Friday, just one day after narrowly avoiding falling below the key $60,000 mark, as part of a stunning rebound.
The token rose to as much as $70,187.99 on Friday, up 10% on the day. It was last trading at $69,594.15 as of 11:59 a.m. ET.
The forceful rebound followed the flagship cryptocurrency's dive below $61,000 on Thursday, marking a 15% plunge on the day. It comes as some investors are snapping up bitcoin after its more than 50% decline from its record high above $126,000 hit last October.