#MarketRebound Bitcoin's price often rises due to a combination of market sentiment, institutional interest, and global economic conditions. When large companies or investment funds start buying Bitcoin, it builds trust and sparks excitement among smaller investors, often leading to a price surge. Positive news, like regulatory clarity or the approval of Bitcoin ETFs, can also encourage more people to invest. Additionally, Bitcoin’s supply is limited and events like "halving," which reduces the number of new Bitcoins entering circulation, can create scarcity and drive the price higher. Economic uncertainty, inflation, and currency weakness in traditional markets also push investors toward Bitcoin as a digital store of value, contributing to its price hikes.
