Bitcoin (BTC) price extends rebound and trades near $112,000 at the time of writing on Friday, gaining nearly 4% so far this week, after declining 4.62% in the previous one. This recovery comes amid growing corporate and institutional support.
Bitcoin (BTC) price edges higher toward the $110,000 level on Monday following a weekend characterized by widespread drawdowns. Sentiment in the broader cryptocurrency market remains largely unstable, as investors fear that the downtrend in August may continue into September.
The cryptocurrency market faced a sudden volatility surge on Thursday, reflecting the change in sentiment following the release of the US Producer Price Index (PPI) data by the Bureau of Labor Statistics (BLS) earlier in the day.