Bitcoin demonstrated a significant price recovery today, surging past the $118,000 threshold according to HT Market data. The cryptocurrency’s 24-hour decline has narrowed to just 1.2%, reflecting substantially reduced market volatility compared to recent trading sessions.
This movement suggests the digital asset market may be entering a stabilization phase following heightened fluctuations. The contraction in price swings signals potential consolidation, indicating strengthening investor confidence amid the recovery trajectory.