20 hour ago
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Bitcoin Rebounds Above $90K as U.S. Investor Interest Rises
Bitcoin (BTC) has rebounded to over $90,000, recovering from a previous dip below $81,000. This rise is accompanied by improved investor sentiment and increased US capital flows.
- The Coinbase Bitcoin Premium Index (CBPI) turned positive for the first time since October 30, indicating that Bitcoin is trading at a premium on the US-based exchange.
- The CBPI positivity suggests increased US capital inflows and rising institutional interest.
- US investors have shown more interest in buying Bitcoin compared to global investors for the first time in a month.
- Prominent figures like Changpeng Zhao and Robert Kiyosaki indicated it might be a favorable time to buy Bitcoin as the market stabilizes.
- El Salvador purchased 1,100 BTC during the recent price fall.
- Despite these developments, traders remain skeptical about BTC reaching $100,000 this year, as per data from Kalshi.
