Just take note that Fidelity applying for a Bitcoin Spot ETF is still just a rumour. (Unless I've missed some news, that is.)
The BlackRock application alone is a good reason to be bullish though.
It is true that Fidelity's apply for the Bitcoin Spot ETF is still unconfirmed, but the subject seems very likely to me. They certainly do not want to lag behind the competition that is BlackRock. And even if it turns out to be just a rumor, these events probably stopped some further declines in the crypto market.