Bitcoin has seen a resurgence in price, reclaiming $98,000 after a weak end to 2021. This correction was influenced by a negative remark from Federal Reserve chair Jerome Powell about crypto. However, Bitcoin performed exceptionally well last year, becoming the top investment asset and reaching an all-time high of $108,011. Analysts are overwhelmingly bullish on Bitcoin and expect it to reach $200,000 by mid-year. The recent shift in the US administration, with key figures being supportive of crypto, has also contributed to Bitcoin's positive sentiment. As a result, institutional investors are investing heavily in Bitcoin, attracted by clearer regulations in the crypto market.



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