BTC Price Action: A Rebound Amid Market Turbulence

After Thursday's heavy selling pressure, Bitcoin has bounced back impressively. As of now, $BTC has surged 4.5% from its low of $53,500 to $56,500, boasting a market cap of $1.114 trillion.

This rebound is driven by robust inflows into spot Bitcoin ETFs on Friday. Following minor outflows earlier in the week, Bitcoin ETFs saw $143 million in inflows, led by Fidelity.

This indicates strong institutional interest despite the recent market dip.

The big question: Can Bitcoin bulls push the price beyond $61,000, or will the bears retain control? The next few days will be crucial for BTC's trajectory.