Bitcoin is bouncing back! After dipping to $90,742 on November 26, BTC has surged to reclaim $95,000. This recovery has lifted the entire crypto market, boosting its total valuation by 7.3% to $3.32 trillion.
Key indicators show growing demand, especially in the US. The Coinbase Premium Index, which tracks BTC pricing differences between Coinbase and Binance, has rebounded, signaling increased interest from US investors.
Spot Bitcoin ETFs are seeing positive inflows again, with $103 million added on November 26. Institutional interest is also rising, with Bitcoin investment products attracting $3.07 billion in recent inflows.
Meanwhile, Bitcoin balances on exchanges have hit a six-year low, suggesting investors are moving their holdings to self-custody, reducing available supply for selling.