Despite some growth of bitcoin, the market remains very weak: the liquidity of digital money falls, the volume of trading on them, and most importantly-there is no reaction to positive news. The latter suggests that very few investors are ready to invest Fiat in cryptocurrency at current levels. The future will show whether the current growth is a short-term surge due to the rapid closure of short positions or has a longer-term character. The key point for market growth and adaptation should be the formation of cryptocurrency regulation rules
It is necessary to agree with the fact that the news does not affect the prices of coins, and this is not encouraging, but I assume that the news that the SEC can accept Bitcoin ETFs can still encourage the market. As for the regulation of this industry and the introduction of any legal norms, this cannot happen so quickly, I think the market can start recovering without this factor.