Overall, the market is dominated by a bullish sentiment, driven by:

1. Increasing institutional integration (Vanguard, BlackRock).

#Vanguard — is one of the largest investment companies in the world, allowing its clients to trade exchange-traded funds (ETFs) that track cryptocurrencies (such as BTC). This can be seen as a significant step toward the mass adoption of crypto assets.

#BlackRock — launched their own Bitcoin ETF. This means that the fund attracts capital and purchases real #BTC on the market to support its fund.

2. Improvement in macroeconomic conditions (completion of QT by the Fed).

The Fed (Federal Reserve System of the USA) — has completed QT, increasing liquidity. The completion of QT (Quantitative Tightening) means that the Fed stops "withdrawing" money from the market, which essentially removes liquidity from the financial system.

3. Ongoing fundamental discussions about the role of $BTC$ in the global financial system.

Debates continue #BTCVSGOLD on #BinanceBlockchainWeek about whether Bitcoin is the new "digital gold" and whether it should replace gold as a store of value and hedge against inflation.