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The Bitcoin price is exploding in the daily trend by more than five percent. After the crypto crash of the last few days, the recovery now seems to be beginning. BTC has already successfully risen to $91,500. A turnaround in Bitcoin ETFs makes it clear that institutional investors are covering this development.
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Bitcoin price explodes: BTC rises above $91,500
After the losses of the last few weeks, the Bitcoin price is currently exploding. At the time of going to press, BTC is trading at exactly $91,525. The largest cryptocurrency rose by a significant 5.25 percent over the last 24 hours. At the same time, green numbers also dominate the entire crypto market.
- Bitcoin
(BTC) - Price $90,694.00
- Market Cap
$1.81 T
Since the end of October, Bitcoin had been stuck in a downward trend until it reached a regional low of around $81,600 last Friday. On October 29, FED President Jerome Powell expressed doubts about a further cut in the US key interest rate in December, triggering the crypto crash that lasted for several weeks with this statement.
In the meantime, the crypto market seems to have started its recovery. The entire market rose by 4.19 percent over the last 24 hours to a total value of 3.12 trillion US dollars.
Among the CMC100, only a few red numbers can currently be seen in the daily trend, which are predominantly mild. The sentiment is also growing considerably according to the Fear & Greed Index.
As recently as Sunday, the sentiment was at rock bottom with 10 out of 100 points. In the meantime, the index rates the situation with 18 points, making a turnaround clear. Nevertheless, these realms are still considered “extreme fear”. Bullish sentiment only begins at 60 points.
Why are BTC and Co. suddenly recording profits?
Why are BTC and Co. suddenly recording profits? The crypto market has been registering the first signs of a turnaround for days – this was pointed out by an analysis by CoinShares, which CoinPro was given on Monday.
“Bitcoin and Ethereum led the capital outflows, but both showed signs of recovery on Friday,” it says.
BTC had therefore reached the lower limit of its general valuation. Investors fended off further price decreases and bought more instead.
Institutional investors had visibly started to re-enter the market at the end of last week. Through enormous inflows on their part, they contributed to the recovery of the crypto market.
According to records from Sosovalue, some investors made perfect use of the price slump on Friday. Instead of the outflows of the previous days, US-American Bitcoin ETFs suddenly recorded net inflows of 238 million US dollars. Last Thursday, the funds still recorded 903 million US dollars in net outflows.
According to CoinShares, the crypto crash that lasted for several weeks was of historical proportions. It was the third-largest outflow since 2018.
“Proportionally, this represents the third-largest outflow series since 2018, only surpassed by March 2025 and February 2018,” wrote CoinShares.
Where is the Bitcoin price rising to now?
According to an assessment by the price analyst Rekt Capital, BTC was already able to successfully form a bottom at 86,000 US dollars, which should no longer be undercut in the foreseeable future. The Bitcoin price is once again orienting itself towards the 100,000 US dollar mark.
The analyst named a value of 93,500 US dollars as the next price target. A significant resistance could form there, the breakthrough of which will be the next big task for the Bitcoin price.
“Bitcoin has recovered six percent from its regional low and is now rising towards the resistance at around $93,500,” wrote Rekt Capital on X.
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