Bitcoin Price Approaches $90,000 as Demand Rises and Institutions Invest

Bitcoin’s price is trending towards the $90,000 mark, fueled by a surge in demand and increasing investment from institutional players. Positive 30-day apparent demand signals a potential shift in market momentum after a period of negative sentiment. This renewed strength has been further boosted by recent purchases by MicroStrategy and Metaplanet, contributing to overall market stability and price pressure. Bitcoin’s network hashrate also continues to hit all-time highs, indicating enhanced miner confidence and decentralization.