Bitcoin Recovers From Drop Near $107K Amidst Banking Stress

Bitcoin experienced a significant downturn on Friday, falling below the $105,000 mark for the first time in months. Despite the slide, the cryptocurrency has shown signs of recovery, currently trading around $107,500 – up over 1% in the past 24 hours. This decline coincided with renewed concerns about US regional banks, sparking fears that the earlier banking crisis was not fully resolved. Analysts attribute this drop to growing market caution and lingering anxieties surrounding the financial sector.