Bitcoin (BTC) is extending its recovery, trading above $61,000 at the time of writing on Thursday after slipping to a 21-month low the previous day. Reports of positive progress in indirect US-Iran talks in Doha lift investor confidence, supporting BTC’s rebound. However, persistent institutional selling continues to weigh on the market, with US spot Bitcoin Exchange-Traded Funds (ETFs) logging another day of outflows.

Cardano (ADA) price extends mild recovery on Thursday after a 6% rebound the previous day, an early signal of a potential bullish trend reversal. Retail demand rises as ADA takes a soft bullish turn after a roughly 40% drop last month, with increases in Open Interest, funding rate, and trading volume. The technical…