Bitcoin has reclaimed the $96,000 mark after struggling early in the week, currently trading around $96,580, a 5.8% increase in the past 24 hours. This rebound follows a period of decline that saw the cryptocurrency drop to just under $90,000, the lowest since mid-November. Contributing to this revival are reports of President-elect Donald Trump potentially assembling a crypto council of industry leaders and easing SEC regulations for banks holding cryptocurrency. However, there's been recent investor outflow from Bitcoin ETFs, amounting to $569 million since January 8. Speculation about the U.S. government delaying interest rate cuts, influenced by strong employment data, may have pressured Bitcoin prices. Despite the recent surge, Bitcoin remains down 5.6% from a month ago and 4.8% week-on-week, significantly below its December high of $108,000, though it is up 125% year-on-year.

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