Bitcoin Rebounds Above $77K as Institutional Demand Returns
Bitcoin rebounded above $77,000 after institutional and ETF demand helped limit its recent downturn. According to data, Bitcoin products drew in $1.6 billion last week as investors showed renewed interest in cryptocurrencies.
The shallow pullback has shifted attention from the decline to what comes next for the market. Standard Chartered predicts that Bitcoin could reach $100,000 by year-end if selling pressure remains muted.
Unlike previous declines marked by deep capitulation, this downturn remained contained due to institutional demand and corporate balance-sheet strength. The 78-81K resistance zone is now being closely watched as a key indicator of whether the market has exhausted its selling pressure.