**Bitcoin’s Rollercoaster Ride: A Weekend of Wild Swings and Steady Recovery**

Bitcoin took investors on a wild ride this week, soaring past the legendary $100,000 mark on Wednesday only to plummet below $93,000 in a Thursday bloodbath. Crypto traders held their breath as nearly $900 million in liquidations – forced closing of trading positions due to insufficient funds – piled up, with Bitcoin accounting for over half the carnage.

Friday, however, brought a sigh of relief. The market calmed, and Bitcoin began a slow but steady climb back to glory. Like a phoenix rising from the ashes, it breached the $100,000 barrier again in the early afternoon, eventually peaking at $101,878. While it’s since cooled slightly, hovering around $101,233, the 24-hour trend shows a welcome stability.

While the scars of Thursday’s losses are still fresh – with long positions (bets that Bitcoin’s price would rise) taking the biggest hit – the market seems to be finding its footing.

What fueled this rebound? There’s no single smoking gun, but a few factors likely played a role. A positive U.S. jobs report Friday morning injected optimism into the broader financial landscape. Adding further intrigue, Donald Trump’s appointment of venture capitalist David Sacks as the White House’s first-ever “AI and Crypto Czar” sent ripples through the crypto world, hinting at potential future policy shifts.

For now, Bitcoin remains a captivating spectacle. The rollercoaster ride serves as a stark reminder of the cryptocurrency’s volatility, but also its resilience. The weekend promises further intrigue as the market digests these recent events and braces for whatever comes next.

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