Bitcoin has broken through the $68,000 barrier, edging closer to its all-time high of $73,000. According to CoinGecko data, BTC is now trading at around $68,200, reflecting a 4% increase in the last 24 hours.
Bitcoin's Strong Recovery After Inflation Dip
Last week, Bitcoin dipped below $59,000 due to hotter-than-expected inflation data for September. However, over the weekend, the cryptocurrency reversed its trend, reclaiming the $65,000 mark by Monday and continuing its upward trajectory.