Bitcoin (BTC) has seen a 3% increase in price over the past 24 hours, reaching a monthly high of $97,822. This recovery comes despite profit-taking by old whales and is driven by buying pressure from US institutions. Analysts believe that Bitcoin is in a cooling-off period within its ongoing bull run, and on-chain data suggests that the macro upward movement is still happening. However, caution is advised as short-term price movements remain unpredictable. Bitcoin is currently ranked #1 by market cap and has a market capitalization of $1.92 trillion.



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