Bitcoin Recovers $62,000 After Recent Dip
CryptoNewsTerminal Staff03 Aug, 2024
Bitcoin Recovers $62,000 After Recent Dip
Bitcoin (BTC) has recovered to over $62,000, according to Coinnis Market Monitoring. At the time of writing, BTC is trading at $62,002.38 on the Binance USDT market. This recovery comes after a recent dip in the price of BTC, which saw it fall to around $59,000. However, the bulls have since stepped in and pushed the price back up. The recovery in the price of BTC is likely due to a number of factors, including increased demand from institutional investors and the upcoming launch of the CME Bitcoin futures contract. If the price of BTC can continue to hold above $60,000, it could be poised for a further rally in the coming weeks.
