๐ Bitcoin Bounces Back! ๐
Bitcoin (BTC) is shaking off its five-month low, rising 1.70% intraday to around $58,885 on July 13. What's fueling this comeback? The German governmentโs BTC sell-off and a weakening US dollar.
- Germany offloaded over $2.5B in BTC, leaving just 9,100 BTC.
- Institutional investors are gobbling up BTC dips, adding 10,000 BTC worth $5.7B since June.
Meanwhile, the US dollar is hitting a five-week low, pushing investors towards riskier assets like BTC.
๐ Will BTC break $59,000 next? Drop your thoughts below! โฌ๏ธ
#Bitcoin #CryptoComeback