Bitcoin has been experiencing heightened volatility, particularly after dropping from the $102,000 level earlier this week. Despite its current weak performance, the flagship cryptocurrency is struggling to regain its footing and rebound toward the $100,000 mark.
The broader crypto market has been experiencing bearish trends, which have contributed to Bitcoin's subdued performance. However, despite this volatility, there has been a notable rise in retail investors' interest in Bitcoin during this period of market instability.
This increased retail sentiment is an encouraging sign for Bitcoin, potentially hinting at an imminent rebound if market conditions align favorably.
Source: bitcoinist.com ↗