The cryptocurrency market has started to recover after the recent correction, where Bitcoin fell below $90,000. Fartcoin, Raydium, and Hyperliquid are leading the rebound.
Crypto Market Recovery
During yesterday's trading session, Bitcoin hit a low of $89,260.10, according to CoinMarketCap data. It has since rebounded to $94,885.09 as of 1:46 a.m. EST. Meme coin Fartcoin led the gains, soaring over 34% to a price of $1.04. However, on the weekly frame, the altcoin is still down over 12%. Raydium and Hyperliquid also showed positive momentum with over 8% gains in the last 24 hours.
Institutional Bitcoin Purchases
Despite the price drop, the overall market sentiment still shows 'Greed', according to the [Crypto Fear and Greed Index](https://alternative.me/crypto/fear-and-greed-index/#google_vignette). Institutional investors continue to increase their Bitcoin positions. MicroStrategy acquired 2,530 BTC for ~$243 million.
Bitcoin ETF Trends
Meanwhile, BlackRock’s IBIT spot Bitcoin ETF saw $9.5 million in inflows yesterday, being the only US Bitcoin ETF to register positive net flows yesterday, as investors withdrew a combined $284.1 million from funds.
The cryptocurrency market is showing signs of recovery despite recent volatility, supported by actions from both individual and institutional investors.
