#BTCRebound
Bitcoin (BTC) has experienced a notable rebound, currently trading at approximately $88,096, reflecting a 4.29% increase from the previous close. This surge follows a recent dip below $77,000, indicating a significant recovery in the cryptocurrency's value.
Key Factors Influencing the Rebound:
Political Developments: The recent push by former President Trump to remove Federal Reserve Chairman Jerome Powell has led to a weakening of the U.S. dollar, contributing to Bitcoin's rise.
Institutional Confidence: Analysts suggest that the current price surge may signal a return of institutional confidence in Bitcoin, potentially marking more than just a typical market rally.
ETF Market Activity: While Bitcoin ETFs have seen a modest net inflow of $15 million last week, this represents the lowest weekly net inflow recorded since the beginning of 2025, indicating cautious investor sentiment.