Reports of major financial institutions venturing into Bitcoin have restored some market confidence, and triggered a rally. In the last couple of days, $BTCUSD price has experienced a 20% increase, peaking at $30,223.

Currently, it fluctuates within the $30k range. If these developments come to fruition, this rally could potentially evolve into a bull run, propelling Bitcoin towards the $45k range.

All this despite all the lawsuits and threat of regulatory enforcement shows how resilient this asset is in my opinion.