Bitcoin saw a significant fluctuation in a recent market session, dropping to $103,000 before bouncing back to a current trading price of $104,700. This rapid recovery is attributed to a series of bullish news items, which have boosted investor confidence.

In addition, there's a notable shift from traditional investment avenues, with investors redirecting $9 billion into Bitcoin ETFs and away from gold. This trend underscores the growing appeal of Bitcoin as an investment asset.