Bitcoin (BTC) price extends gains above $106,000 at the time of writing on Wednesday having risen 5% over the previous two days. The institutional and corporate demand further supports the price recovery, as ProCap BTC LLC adds Bitcoin to its reserve and fresh inflows into Exchange Traded Funds (ETFs) occur. BTC traders await further cues from Federal Reserve (Fed) Chair Jerome Powell’s second day of testimony, scheduled for later on Wednesday.