Bitcoin has experienced a notable rebound, exceeding the $103,000 mark after a recent market downturn. This surge is driven by positive shifts in financial conditions and signals growing optimism from institutional players within the crypto sphere. While ETF outflows have added to volatility, overall market sentiment remains positive as key indicators like the SOFR-EFFR spread point toward enhanced dollar liquidity, supporting increased risk appetite in crypto assets. Notable investment activity by Michael Saylor of MicroStrategy, who recently purchased 397 BTC at an average price of $114,771, further underscores this confidence in bitcoin’s long-term trajectory. Market analysts predict that the recovery may extend to other cryptocurrencies like XRP and SOL as investors anticipate continued growth.