7 Signals the Bitcoin Bull Run Has Room to Run After $70,000

Fed Rate and Bitcoin Price: The soaring Bitcoin price amid stubbornly high interest rates suggests a shift in demand dynamics for the cryptocurrency.

Record Monthly Candle: Bitcoin's historic achievement of printing its first-ever $20,000 monthly candle in February marks a significant milestone.

Declining Weekend Trading: The decline in weekend cryptocurrency trading over the past few years indicates greater institutional acceptance and usage.

Coinbase Outage Amid Rally: The recent Coinbase outage, coinciding with a surge in Bitcoin prices, highlights the challenges exchanges face in handling increased trading volumes.

Whale Withdraws $1 Billion from Coinbase: A whale's withdrawal of $1 billion worth of Bitcoin from Coinbase signals strong bullish sentiment and long-term conviction in the cryptocurrency's potential.

Bitcoin ETFs Accumulate Significant Holdings: Spot Bitcoin ETFs now hold a substantial portion of the cryptocurrency's total supply, representing approximately 4%.

Congress Considers Bank Custody of BTC: The proposal to allow regulated banks to act as custodians of digital assets signals further institutional involvement in the cryptocurrency space.