Bitcoin (BTC) has recovered and surpassed the $66,000 mark, according to data from CoinDesk's Market Monitor. As of writing on the Binance USDT market, BTC is being traded at $66,059.98. This recovery comes after a period of consolidation for BTC, which had seen its price fluctuate between $62,000 and $64,000 for the past few days. The latest surge brings BTC closer to its all-time high of $69,000, which it reached in November 2021. The recovery in BTC's price is likely due to a combination of factors, including increased institutional adoption, positive news from the crypto industry, and geopolitical uncertainty. As more institutions add BTC to their portfolios, the demand for the cryptocurrency increases, which in turn drives up its price. Additionally, positive news from the crypto industry, such as the launch of new products and services, can also boost BTC's price. Finally, geopolitical uncertainty, such as the ongoing conflict in Ukraine, can also lead investors to seek safe-haven assets such as BTC.