BTC Continues Steady Recovery to $63,000

IconCNT15 May, 2024

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BTC Continues Steady Recovery to $63,000

BTC has rebounded to the $63,000 mark following a brief dip earlier this week. According to data from CryptoNewsTerminal, Bitcoin is currently trading at $63,216.68 on the Binance USDT market. The recovery comes after a period of volatility for BTC, which had fallen below $60,000 on Wednesday. However, the leading cryptocurrency has since regained ground and is now trading at its highest level since April. The recovery is likely due to a combination of factors, including increased institutional adoption and positive news from the regulatory front. Several major financial institutions have recently announced plans to offer crypto services, and the US Securities and Exchange Commission (SEC) has taken a more favorable stance towards cryptocurrencies. Previously on May 15, 2024, BTC had also recovered to $63,000 after a dip below $60,000.

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