Bitcoin Holds Ground Amid Institutional Buying and Economic Data Anticipation

Bitcoin has continued its upward trend, holding steady above $77,000 as institutional buying drives the market forward. The latest economic data releases from the US have been closely watched by investors, and the upcoming announcement of the April Core PCE inflation report is expected to provide further clarity on the economy's trajectory.

The Middle East has seen significant improvements in diplomacy, with this shift contributing to the growing interest in Bitcoin among large investors. As a result, institutional buying has increased, leading to a rise in the cryptocurrency's dominance over other digital assets.