Bitcoin's recent recovery to the $85,000 mark has invigorated market confidence, catalyzed by the Trump administration considering Bitcoin for national reserves. This marks a pivotal change in the perception of Bitcoin, once seen as speculative, now gaining recognition as a strategic asset amidst economic uncertainties. The Digital Currency Summit highlighted this potential shift, which could prompt greater institutional investment. Additionally, recent Bitcoin spot ETFs witnessed significant inflows, suggesting strong institutional interest and confidence in Bitcoin as a long-term asset, while external factors continue to influence market dynamics.
Bitcoin has rebounded strongly and reclaimed the $85,000 mark, reinforcing confidence in a significant recovery as it recorded two consecutive weeks of gains from its bottom.
This surge was fueled by news that the Trump administration is considering holding Bitcoin in its reserves, which has driven capital back into the market.
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