📈 #MarketRebound : Is the bull market returning? 🐂🔥

After weeks of uncertainty, the crypto market is showing clear signs of recovery. Bitcoin (BTC) has surpassed $93,000 USD, getting closer again to the psychological mark of $100,000. Ethereum (ETH), on the other hand, has experienced a rebound of 10.8%, trading around $1,813 USD. Altcoins like Solana (SOL) and XRP have also recorded significant gains, with weekly increases of 10% and 4.2% respectively.

This resurgence is attributed to several key factors. Firstly, recent statements from President Donald Trump, assuring that he has no intention of removing Federal Reserve Chairman Jay Powell, have calmed the markets, strengthening confidence in the central bank's independence. Additionally, the proposal from the U.S. Secretary of the Treasury to ease regulations on stablecoins has boosted trading volumes of USDT and USDC, providing an additional lift to the market.

In the institutional space, the creation of Twenty One Capital, an initiative backed by SoftBank and Tether, has generated excitement. This fund, which will start with a reserve of 42,000 BTC, aims to capitalize on the growing institutional adoption of digital assets, following a strategy similar to that of MicroStrategy.

Despite this optimism, it is important to remain cautious. Although market sentiment has improved, trading volumes remain moderate, indicating that many investors are still assessing the sustainability of this recovery.

Are we at the beginning of a new bull run, or is it just a temporary breather? Share your thoughts in the comments and don’t forget to share this post to keep your community informed. 🚀📊

Sources: Investopedia, Fortune, Binance Square, DL News, Financial Times