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

Odaily Planet Daily News (XS. com) Market analyst Linh Tran stated that the recent rebound of cryptocurrencies is partly due to favorable macro environment and institutional influx. The weakening of the US dollar has also enhanced the attractiveness of Bitcoin as another store of value. In terms of policy, Tran pointed out some positive developments, such as Texas approving a bill to establish a nationally controlled Bitcoin reserve, indicating that more and more legislative bodies are accepting Bitcoin as a long-term reserve asset. (Golden Ten)