The cryptocurrency market rallied handsomely Thursday, recouping losses suffered since its steep plunge earlier in the week. What Happened: Bitcoin trended upward during trading hours and soared to $62,500 late evening. The sharp rebound erased Monday’s sell-offs that saw the leading currency dip below $50,000 for the first time in nearly six months. The second-largest cryptocurrency,Ethereum, rose by double digits to $2,700 before retreating to the high $2,600s. The rally resulted in cryptocurrency liquidations worth more than $229 million in the last 24 hours, with traders betting on downsid…
