Bitcoin saw a strong recovery, rallying to $96,000 after dropping to $90,000. The increase is attributed to optimism around the upcoming Trump administration, which plans to issue crypto-related executive orders addressing issues such as debanking of crypto companies. The news has boosted investor confidence and coincided with a favorable court ruling for Coinbase against the SEC. However, the Bitcoin price faces resistance due to broader market concerns and fears over the US economy. Analysts remain optimistic about Bitcoin's outlook, with some predicting a price of $100,000 next month.



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