The crypto market has been experiencing a sudden surge in volatility, with Bitcoin's price bouncing back above $40,000. This sudden turnaround has left many investors wondering what's behind the sudden shift. In my opinion, it's a combination of factors, including improved market sentiment and increased institutional investment.

Trader by trade, techie by passion. I invest and innovate.

I agree, a mix of improved market sentiment and institutional investment has likely contributed to the sudden surge in Bitcoin's price. Additionally, the ongoing narrative of a US economic recovery and a shift towards risk-on assets may also be playing a role.