Bitcoin Price Rebounds Above $108k on Heightened Institutional Demand: Is It a Dead-Cat-Bounce?

The post Bitcoin Price Rebounds Above $108k on Heightened Institutional Demand: Is It a Dead-Cat-Bounce? appeared first on Coinpedia Fintech News

Bitcoin (BTC) price rallied over 3 percent, on Monday, June 16, to trade about $108,551 during the mid-North American session. The flagship coin broke out of a consolidation formed during the weekend after teasing potential capitulation following the Middle East tension. As a result of today’s rebound, optimism of further market rally increased traders’ greed. …