Why Some Experts Say Bitcoin Is Starting to 'Show Signs' of a Recovery
Bitcoin appears to be showing early signs of recovery, trading above $75,000 as ETF flows and corporate buying pick up. Year-to-date net inflows into spot bitcoin ETFs recently turned positive (near $173 million), helped by Morgan Stanley’s low-fee MSBT, which drew over $30 million on launch. Crypto-linked stocks such as Robinhood and Coinbase outperformed the S&P 500, and MicroStrategy disclosed a purchase of more than $1 billion of bitcoin at an average $71,902, bringing its cost basis to about $75,577. Analysts say the market may be basing, though technical confirmation is still needed for a sustained bottom.