Bitcoin (BTC) has returned above the $63,000 mark, according to data from CoinMarketCap and Binance. On Binance's USDT market, BTC is trading at $62,949.43 at the time of writing. This represents a significant increase from the recent low of around $58,000 seen earlier this week. The recovery in BTC's price is likely due to a number of factors, including increased demand from institutional investors and positive news from the regulatory front.