Supporting Factors for the Rise

Institutional Adoption: Increased investments from major financial institutions and hedge funds in cryptocurrencies, with expectations for assets under management in Bitcoin ETFs to exceed $250 billion.

Government Policies: Some governments, such as the United States, are moving towards adopting Bitcoin as a strategic reserve asset, which boosts confidence in the market.

Technological Developments: Growth of decentralized finance (DeFi) projects and the expansion of stablecoin usage, with expectations for daily trading volume of stablecoins to reach $300 billion.

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