Bitcoin Rebounds to $61,000 as Crypto Market Recovers
Institutional investors buy the dip amid easing recession fears and regulatory shifts.
- Bitcoin and ether prices recovered sharply after a major sell-off earlier in the week.
- Institutional investors, including Morgan Stanley, increased their exposure to spot bitcoin ETFs.
- U.S. jobless claims data alleviated recession concerns, boosting both stock and crypto markets.
- Ethereum saw significant inflows into its spot ETFs, outpacing bitcoin in percentage gains.
- Market analysts predict continued volatility but maintain a positive long-term outlook for cryptocurrencies.
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