The price of Bitcoin surged past $71,000 despite facing legal issues, as optimistic sentiment prevailed. Market data showed a strong rebound after the cryptocurrency crossed the $71,000 mark, following a day of high volatility due to the legal fight between Coinbase and the SEC.

Despite the temporary dip in price, buyers quickly responded, pushing for a recovery and aiming to surpass previous all-time highs. Traders like Daan Crypto Trades suggested that breaking the all-time high could lead to prices surpassing $80,000.

Analysts like Ki Young Ju observed a shift in Bitcoin ownership, with established whales transferring their holdings to new institutional investors. This change has led to a decrease in circulating Bitcoin supply, while also historical indicating potential price rallies to new highs.

Despite the positive market movements, mainstream interest in Bitcoin has slightly decreased, as noted by Cointelegraph. For press releases in the crypto market, interested parties can reach out to [email protected].