Bitcoin is currently trading over $95,000 following a volatile Monday that witnessed both a substantial drop and a quick recovery. The cryptocurrency's price fell by over 6%, reaching a new low of approximately $89,000, before dramatically rebounding to $96,000 in just a few hours.
This market turbulence highlights the increased uncertainty as Bitcoin consolidates its position. However, the recent metrics indicate a surge in short-term investment capital and the entrance of new participants into the Bitcoin market.