Bitcoin Surges Past $112,000: Signs of a Rebound Emerge

Bitcoin is experiencing a resurgence after rebounding sharply above the $112,000 mark, signaling a potential end to the recent correction that impacted the broader cryptocurrency market. This surge comes after a weekend marked by heavy liquidation and increased fear among traders, suggesting that the worst of selling pressure may be over. The rise is driven in part by expanded DeFi applications and increasing interest from institutional investors.