Bitcoin Price Rebounds Above $70,000 as Market Volatility Eases

Bitcoin's price has experienced a significant rebound in recent days, rising from around $65,000 to over $70,000 as market volatility subsides. The cryptocurrency's resilience in the face of energy market shocks has been notable, with market maker Enflux commenting on its relatively stable performance.

Institutional demand for bitcoin remains strong, with US spot bitcoin ETFs seeing net inflows of over $55 billion. This trend is expected to continue, with cumulative net inflows exceeding $55 billion. The recent price increase has also seen prediction markets flip more bullish, with the odds of reaching $75,000 in March increasing significantly.