#CryptoComeback Factors fueling the crypto market rebound

• The US-UK trade agreement: The announcement of this agreement led to a rise in global stock markets and boosted confidence in risky assets, including cryptocurrencies.

• Institutional purchases: Companies like MicroStrategy and Robinhood have seen stock increases, reflecting heightened interest in cryptocurrencies. Coinbase has announced a $2.9 billion acquisition of the Deribit platform, strengthening its position in crypto derivatives trading.

• Positive technical indicators: Bitcoin's Relative Strength Index (RSI) surpassed 70, suggesting strong buying momentum. However, this high RSI level may also indicate a potential short-term overbought condition.