Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?
The last issue why there is a cut in interest rates and perhaps a slight effect is that Robinhood launches sole staking in Europe and that is enough to make the market excited again. I think goodnews like the one above is enough to increase investors' interest in increasing BTC purchases which were previously stagnant.