Bitcoin rebounds, cruising past the $90,000 barrier... Attention on global capital flows

Source: DigitalToday Original Title: Bitcoin rebounds, sailing past the $90,000 barrier… Attention on global capital flow Original Link:

Bitcoin has largely recovered from the decline that saw it drop to $84,000, breaking through the $91,000 level.

Bitcoin has traded at around $91,000, rising 5.59% in the last 24 hours, driving an overall upward trend in the cryptocurrency market. Ethereum(ETH) also rose 7.44%, recovering to the $3,000 range, and major altcoins such as XRP, Solana(SOL), and Dogecoin(DOGE) also rebounded 7-10%, showing signs of recovery from their lows.

This rebound was largely influenced by Vanguard(, a $11 trillion asset management firm, retracting its previous negative stance on cryptocurrency and allowing its clients access to digital asset ETFs). Additionally, Bank of America( also contributed to the positive market sentiment by recommending that its asset management clients allocate 1-4% to Bitcoin spot ETFs.

On the other hand, Wintermute strategist Jasper De Maere analyzed that a support level of $80,000 to $85,000 is being formed in the Bitcoin derivatives market, and many investors are expecting a bullish trend by the end of the year. He added, “The market recognizes $80,000 to $85,000 as a support level, and we are seeing a tendency to maintain long positions ahead of the year-end.”

As institutional funds flow in and major asset management companies change their attitudes, the market atmosphere is also rapidly recovering. With Bitcoin regaining the $90,000 level, assessments suggest that whether the upward trend will continue depends on confirming support in the low $90,000 range. The market is watching for additional rebound signals while gauging the year-end flow.