Bitcoin in coming hours ⚡️⚡️74000

Bitcoin Nears All-Time High

What’s Fueling the rise?Bitcoin’s price is rocketing close to its ATH, driven by some major news and trends👇- Microsoft

is exploring Bitcoin investments, with BlackRock - a 7% shareholder in Microsoft - backing its IBIT ETF, increasing the likelihood of ETF approval.

- Pennsylvania

passed the #Bitcoin Rights bill, protecting Bitcoin self-custody and allowing it as a payment method.

- #Tesla still holds its 11.5k Bitcoins (worth about $780 million), confirming no recent sales.

- Anticipation grows for Fed rate cuts, with Bank of America’s CEO forecasting a 50 bps cut in 2024 and four 25 bps cuts in 2025.

- Political betting site Kalshi has Trump’s winning odds at 62%, and he’s seen as the more pro-crypto candidate.

- $BTC open interest hit a record high of $40.89 billion, further boosting the rally.

Bitcoin is showing a strong bullish sentiment.