- US corporations including Citadel, Black rock and other wall street giants signalled their backing and support of the US exchange, EDX Markets
- Black rock and another company have filed for a Bitcoin ETF
- Overall US institutional volume has increased due to the above

It's probably a play just to capitalize on the news. I believe that there will be another event that will bring devastation to the price before the halving run begins. Mtgox and seized coins are yet to be sold, and the liquidation of Coinbase is only proving more possible due to the above news. All of this selling at once will inevitably drive the price down for a short period of time, and as we all know there is always a sharp dump to liquidate long positions before the quick recovery and upwards run begins.