Bitcoin rebounded above $98,000, extending its recovery as investor sentiment improved following Eric Trump’s endorsement of WLFI’s move to integrate BTC into its operations. The high-profile backing sparked renewed optimism among traders, reinforcing Bitcoin’s growing role in mainstream finance.
The surge comes as institutional interest in Bitcoin remains strong, with major financial firms and corporate entities exploring deeper integration of digital assets. Trump’s public support for WLFI’s BTC adoption added to the bullish momentum, fueling speculation that more organizations could follow suit.
Despite recent market volatility, Bitcoin has remained resilient, benefiting from weaker US dollar trends and expectations of looser Federal Reserve policy in the coming months. The combination of macroeconomic tailwinds and growing corporate adoption has strengthened the case for Bitcoin’s continued upside.
Looking ahead, investors will closely watch regulatory developments and further institutional adoption trends for signs of sustained momentum. Any fresh endorsements from influential figures or businesses could provide additional support, while macroeconomic shifts could influence short-term price movements.
For now, Bitcoin’s recovery above $98,000 signals renewed confidence, with bullish sentiment gaining traction. If momentum holds, BTC could push toward new highs, though traders remain cautious amid ongoing market fluctuations.
