Bitcoin Bounces Back Above $53K After Last Week's Pullback | Blockchained.news Crypto News LIVE Media


Bitcoin recovered about one-third of the recent decline from $64.8K to nearly $47K, but what's behind the bounce? According to Kapil Rathi, CEO of CrossTower, the rise in price could be attributed to various factors, including increased retail investment, decreased leverage in the Asian markets, and signs that institutions bought the dip.

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