$BTC Factors Driving the Crypto Market's Comeback

• The trade agreement between the U.S. and the U.K.: The announcement of this agreement has led to an increase in global stock markets and boosted confidence in risk assets, including cryptocurrencies.

• Institutional acquisitions: Companies like MicroStrategy and Robinhood have seen increases in their stocks, reflecting the growing interest in cryptocurrencies. Coinbase announced a $2.9 billion acquisition of the Deribit platform, consolidating its position in crypto derivatives trading.

• Positive technical indicators: Bitcoin's relative strength index (RSI) has surpassed 70, suggesting a strong buying momentum. However, this high RSI level may also indicate a potential short-term overbought condition.