Bitcoin Surges 11% to $65K: Institutional Buyers Seize the Dip

Following a decline, Bitcoin's price rebounded by 11% to $65K as institutions capitalize on lower prices, wiping out $2.6 billion in the crypto market.

Bitcoin's price has experienced a remarkable resurgence, climbing 11% to reach $65,000. This surge comes on the heels of a significant market downturn, during which over $2.6 billion was lost across the cryptocurrency landscape.

As the price of Bitcoin dipped below $60,000, a wave of institutional investors viewed this as a prime opportunity to buy the dip. Their interest in Bitcoin during this period showcases a growing trend among large financial players to take advantage of price corrections in the crypto market.