Bitcoin (BTC) is extending its recovery, trading above $112,500 at the time of writing on Tuesday, after posting nearly 3% gains last week. Improving sentiment supports BTC's recovery, as seen from fresh capital inflows of over $360 million on spot Exchange Traded Funds (ETFs) on Monday.
Bitcoin (BTC) is holding steady near $111,000 on Wednesday after reclaiming its 100-day Exponential Moving Average (EMA) the previous day. BTC’s recovery is supported by renewed institutional demand and corporate accumulation, which is strengthening market sentiment.
Securities & Exchange Commission (SEC) Chair Paul Atkins said in a Friday interview that the agency is waiting for lawmakers to pass additional crypto legislation as it "mobilizes" to update its guidance on digital assets.