Bitcoin staged a robust recovery, crossing the $107,000 mark after a brief dip triggered by profit-taking. The cryptocurrency had faced selling pressure as traders locked in gains following its recent rally. However, renewed demand propelled its value to fresh highs, signaling sustained investor confidence in the digital asset.
Market analysts attributed the rebound to increased interest from institutional investors and favorable regulatory developments in key markets. Despite the volatile session, Bitcoin demonstrated resilience, maintaining its upward trajectory in what has been a bullish quarter for the cryptocurrency.
