This week, the cryptocurrency market has become the focus of attention, especially with Bitcoin's performance shining brightly! 🌟 According to a report by Bitwise Europe, optimism driven by U.S. policy initiatives and Bitcoin supply tightening has propelled this wave of increase. Pennsylvania has taken the lead in enacting legislation to support strategic Bitcoin reserves, with other states likely to follow, sparking market discussions. 📈

Meanwhile, the inflow of U.S. spot Bitcoin ETFs has surged, making the supply-demand imbalance increasingly apparent, which has pushed the Bitcoin liquidity index down to historical lows. Companies like Microstrategy have been buying large amounts of Bitcoin, further solidifying its position as a reserve asset. While other cryptocurrencies like XRP and DOGE have also made progress, Ethereum appears somewhat lagging. 🔍

U.S. CPI data met expectations, and market expectations for the Federal Reserve to cut interest rates have heated up, adding new uncertainties to the cryptocurrency market.