Bitcoin Rebounds, Breaking $108,978 Barrier; Market Analysis Conflicted

Bitcoin has seen a significant price surge in the past 24 hours, reaching a record high of nearly $108,978 after briefly dipping below $104,000. This rebound reflects growing market recovery following several days of downward movement. Analysts attribute this rise to expanding DeFi applications and increased institutional investment. However, there’s still concern about long-term trends, with some traders expressing reservations about the dip’s severity.