#CryptoComeback Hello Binance community! 👋

What an exciting week in the crypto world! 🚀 After a brief correction, the bulls have regained control and the major cryptocurrencies are showing impressive strength.

Bitcoin (BTC) has surpassed $101,000, marking its highest level since February. This rally is attributed to several factors:

• Trade agreement between the U.S. and the UK: The announcement of a trade agreement between these countries has improved investor confidence and boosted risk assets, including Bitcoin. 

• Institutional interest: Inflows into Bitcoin exchange-traded funds (ETFs) have reached $5.3 billion in the last three weeks, indicating strong institutional demand. 

• State adoption: States like Arizona and New Hampshire are considering establishing strategic reserves in Bitcoin, reinforcing its legitimacy as an asset. 

Ethereum (ETH) is not far behind and has recovered the $2,000 level, its highest point in 41 days. This upward movement is supported by:

• “Pectra” upgrade: The recent upgrade has improved network efficiency, attracting more users and investors.

• Positive technical indicators: The crossing of the 50-day moving average above the 200-day moving average, known as the “golden cross,” suggests a sustained bullish trend. 

BNB also shows strength, surpassing $620. This momentum is due to:

• ETF application: The firm VanEck has filed an application for a BNB ETF in the U.S., generating excitement in the market. 

• Growth in DeFi: The total value locked (TVL) in BNB Chain has significantly increased, reaching over $6 billion, indicating growing adoption.