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Driven by Sharia Adoption, Fed Expectations, and Technical Momentum
After going through a prolonged period of pressure, Bitcoin has finally shown signs of revival with an increase of 2.59% in the last 24 hours, continuing a positive trend over the past seven days that reached 7.41%. Although it still recorded a monthly correction of 10%, today's movement is in line with broader market sentiment, where the overall cryptocurrency market capitalization also strengthened by 2.24%. This revival is driven by the convergence of three key factors: breakthroughs in institutional adoption in the Islamic world, expectations of looser monetary policy from the United States, and technical momentum that successfully broke through important psychological levels.
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