Bitcoin Magazine Pro data put bitcoin near $79,600 on Thursday morning, about 2% higher than a day earlier despite a retreat below $80,000. Oil prices recovered after Wednesday's sharp decline. The Bank of England raised Bank Rate by a quarter point to 4%, the bank's first increase in more than three years. U.S. spot bitcoin ETFs attracted $74.6 million in net inflows on Wednesday after three consecutive sessions of withdrawals. Bitcoin remains about 37% below the cryptocurrency's record high near $126,080.