Bitcoin finally rebounded, soaring from a low of US$52,998 to US$57,100 today. After the flash crash on February 22 (called "Bloody Monday"), the entire crypto market plummeted for two weeks. This signal is a much-needed relief for the bulls, indicating that investor sentiment has turned to the bulls, increasing the possibility of Bitcoin rushing to $60,000.
According to reports, Grayscale's parent company, Digital Currency Group, plans to purchase a Grayscale Bitcoin Trust worth up to $250 million.
In addition to the constant participation of institutional investors, people's overall interest in Bitcoin continues to grow. Recent data shows that since March 1, 2020, 10,000 Bitcoin ATMs have been installed in the United States, which marks a 57.5% increase in the number of Bitcoin ATMs installed in the past year.