Bitcoin has experienced a strong recovery, surpassing the $80,000 mark after hitting a four-month low. Despite the rebound, the cryptocurrency is still down 14% for the year and 26% below its all-time high. The recent decline was attributed to disappointment over former President Donald Trump's proposed national Bitcoin reserve. Economic concerns such as inflation, interest rates, and trade tensions have also impacted Bitcoin's price. However, the cryptocurrency's derivatives market remains stable, with a positive premium and easing selling pressure. Analysts predict that if the upward trend continues, Bitcoin could reach $90,000, but the next few days will be crucial in determining if the recovery is sustainable.



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