Market potentially more ready for substantial surgeThe cryptocurrency market's focus has once again shifted to Bitcoin as it looks to regain its bullish momentum. A significant recovery ensued following a steep correction that saw Bitcoin momentarily fall below $92,000, driven by the U.S. announcement of a strategic crypto reserve.Initially, this news gave the market hope, which caused Bitcoin and other cryptocurrencies to rise. But the rally did not last long. Sentiment swiftly changed and became bearish once more as international markets opened. When sellers took back control and drove the price back down, Bitcoin was unable to maintain its upward trajectory.
