Bitcoin (BTC), the world’s largest cryptocurrency by market value, has rallied above $29,000 for the first time in over a month. This comes following an uptick in bullish sentiment in the crypto market as traditional finance (TradFi) players push further into crypto. Last week, investment giant BlackRock (BLK) filed for a U.S. bitcoin exchange traded fund (ETF) and on Tuesday, Deutsche Bank said it had applied for a digital asset custody license in Germany. Bitcoin appears to have outperformed the majority of other digital assets following these advancements, gaining over 8% in 24-hours and pushing to a level it has not seen since May 6, 2022.
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