Bitcoin surged past the $57,000 mark, registering an 8.3% increase from recent lows. The market sentiment has turned positive, with US spot Bitcoin ETFs experiencing net cash inflow for the first time in two weeks.
Upcoming US crypto hearings and the presidential debate may influence market trends. A weakening US dollar and the possibility of interest rate cuts could further boost Bitcoin demand.
Analysts are optimistic, predicting that Bitcoin could reach somewhere between $100,000 and $200,000 by the end of the year.
