The price of Bitcoin ($BTC )has recently been recovering slightly from a sharp downturn.

Current Trend: It is trading around the $88,000 mark, having rebounded from recent lows near $82,000.

Context: This follows a significant drop from its yearly peak (above $126,000) earlier this year, driven by a broader "risk-off" sentiment in global markets, concerns over US interest rates, and institutional investor caution.

In short: Bitcoin is seeing a mild recovery to around $88,000 after a sharp drop, but the overall sentiment remains cautious due to wider economic factors.

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