BTC Recovers to $66,000 After Prolonged Bearish Trend

IconCryptoNewsTerminal Staff19 Jul, 2024

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BTC Recovers to $66,000 After Prolonged Bearish Trend

According to Cryptonewsterminal market monitoring, Bitcoin (BTC) has recovered to $66,000 after a prolonged bearish trend. The recovery marks a significant milestone for the cryptocurrency, which has been struggling to maintain its value in recent months.
As of writing, BTC is trading at $66,045.89 on the Binance USDT market, indicating a significant increase from its recent low of $59,000. Market analysts attribute the recovery to a combination of factors, including increased institutional adoption and positive news from major exchanges.