Analyst: Cryptocurrency rebound partly due to favorable macro environment and institutional influx

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MarsBit
05-22
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Mars Financial News: XS.com market analyst Linh Tran stated that the recent rebound in cryptocurrency is partly due to a favorable macroeconomic environment and institutional inflows. The weakening US dollar has also enhanced Bitcoin's attractiveness as an alternative store of value. In terms of policy, Tran pointed out some positive developments, such as Texas approving a bill to establish a state-controlled Bitcoin reserve, indicating that more legislatures are accepting Bitcoin as a long-term reserve asset. (Jinshi)

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