Bitcoin Recovers Amidst Institutional Inflows and Stable Market

Bitcoin is seeing a resurgence in price, surpassing the $87,000 mark driven by a combination of institutional inflows and a relatively stable market. This rebound reflects Bitcoin’s resilience as a safe-haven asset during periods of economic uncertainty, particularly with ETF inflows bolstering investor confidence. 2017 parallels are emerging in the pattern of price consolidation before a potential breakout.