Bitcoin Breaks $92K Barrier: Crypto Market Recovers from Deep Downtrend

Following a significant sell-off last week, Bitcoin has surged back above the crucial $92,000 mark. This rebound fuels optimism within the crypto market as analysts highlight growing DeFi activity and increased institutional investment as key drivers behind this renewed momentum. Bitcoin’s price has reached its highest point since November 2022. Ether is also holding steady above $3,000 for the past three days, further supporting the short-term recovery narrative. However, despite this resurgence, significant structural obstacles remain.