AI Summary:
Bitcoin’s price rebounded sharply by 11% to reach $65,000 following a dip under the $60,000 mark, triggering significant volatility across the crypto market. During this downturn, institutions viewed the sub-$60,000 level as a strategic buy-the-dip moment, injecting substantial capital. This aggressive buying helped erase over $2.6 billion in market losses, indicating strong confidence from large investors. The move highlights growing institutional interest and could signal a bullish trend for Bitcoin in the coming weeks.
Over $2.6 billion was wiped out across the crypto market as institutions saw sub-$60,000 BTC as a buy-the-dip opportunity.
Source: Cointelegraph