Bitcoin has recovered to $ 90,000

Bitcoin BTC $92,430.96 Mezo Wrapped BTC 2.85% Market capitalization $52.49 million VOL. 24 hours $1.93 billion has sharply increased in price to $ 90,000 after several days of minor fluctuations. The jump sparked discussions among analysts about whether this is the beginning of a market recovery or just a short rebound.

The CW analyst explains the growth by the activity of both retail investors and large players who have started buying BTC again. According to him, the return of traders is noticeable after a pause that lasted since the October collapse. He adds that major exchanges, including Binance, are showing strong buy signals.

Another expert, Ali Martinez, believes the growth is temporary. He calls it a «dead cat bounce» and draws attention to capital outflows of more than $ 4.5 billion, which indicates a reduction in liquidity.

Data on spot bitcoin ETFs also confirms the drop in interest: from almost $ 63 billion in early October, the total amount of funds decreased to less than $ 57 billion in December. This indicates that institutional investors are cautious.

Despite the conflicting estimates, as of Monday, Bitcoin was up 2.3% and trading near $ 90,000. The movement of the main cryptocurrency was supported by altcoins: Ethereum ETH $3,230.15 Bridged Ether (StarkGate) 2.95% Market capitalization $76.4 million VOL. 24 hours $1.22 billion rose above $ 3,000, Binance Coin BNB $911.09 BNB 2.04% Market capitalization $125.49 billion VOL. 24 hours $0.13 billion - over $ 860, and XRP XRP $2.35 XRP 12.94% Market capitalization $142.72 billion VOL. 24 hours $0.46 billion approached $ 1.90.