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Bitcoin has reached an eight-month high. The $BTC rally persists despite a lack of clarity around crypto’s regulatory framework. Investors have not abandoned hopes for clearer U.S.
rules, and that expectation drives current risk appetite. Risk Appetite and Regulatory Hopes The controlling figure here is the time horizon: eight months.
That is the duration of the current price action relative to the prior low. The regulatory backdrop is still murky. Yet the market price moves independently of the legislative calendar.
Investors are betting on a specific outcome. This is not a speculative guess by anonymous commentators. It is the stated position of the market participants driving the surge. The protocol layer remains unchanged.
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