·What are the reasons for the rise of Bitcoin in this bull market?
1. The US and UK reached a trade agreement, reducing tariffs on cars and steel/aluminum, which has increased market risk appetite and driven up Bitcoin prices.
2. Participation of institutional investors: The US Bitcoin spot ETF has raised $5.3 billion in three weeks, with publicly traded companies like Semler and Metaplanet investing hundreds of millions to increase their holdings. The influx of institutional funds has provided strong support for Bitcoin prices.
3. Regulatory progress: New Hampshire has passed a strategic Bitcoin reserve bill, allowing government funds to be allocated to Bitcoin, which has increased market confidence in Bitcoin to a certain extent. How long can this bull market last?
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