What’s fueling the crypto market’s optimism?
Institutional investors are returning, viewing Bitcoin as a hedge against economic uncertainty
The Bitcoin price has soared past previous resistance levels to establish a new yearly high, igniting optimism throughout the crypto market. Currently, the Bitcoin price stands at $118,150.81, reflecting a daily increase of over 1.7 percent. This new peak follows an impressive rally that has driven BTC to a 52-week high of $118,441.47, nearly doubling its yearly low of $49,121.24.
Traders monitoring the Bitcoin price today will observe that the 24-hour trading range has varied between $115,305.20 and $118,441.47, illustrating the volatility of BTC despite its increasing mainstream appeal. The 24-hour trading volume is an impressive $107.3…
