Bitcoin (BTC) has made a strong comeback this week, climbing above the $87,000 mark for the first time this month. After hitting a low of around $74,800 on April 9, BTC has rebounded by over 16%, showing renewed investor confidence and strong market momentum.
This surge is likely driven by a mix of bullish sentiment, positive institutional interest, and increasing adoption across global markets. Analysts point to reduced selling pressure and increased whale accumulation as key factors behind the rise.
At the time of writing, Bitcoin is trading around $87,336, with a 24-hour trading volume that continues to rise across major exchanges like Binance, Coinbase, and Kraken.
The crypto community is now closely watching to see whether BTC can maintain its upward trend and potentially retest all-time highs later this quarter.
