Bitcoin Booms: Institutional Support Fuels Surge Toward New All-Time Highs

Following a recent dip below $84,000, Bitcoin has experienced a remarkable surge. It currently trades around $93,000, highlighting a significant price rebound fueled by the reemergence of institutional investors. This recovery is attributed to a robust buying trend in perpetual contracts markets over the past three years and increased interest from large financial institutions like Vanguard.