Reports of major financial institutions venturing into Bitcoin have restored some market confidence, and triggered a rally. In the last couple of days, $BTCUSD-4.7% price has experienced a 20% increase, peaking at $30,223.
![BTCUSD](https://media.bulios.com/media/ticker/d3b57d22-de11-40e4-b0e2-b4cd86ce9240.png)
Bitcoin USD
BTCUSDCurrently, 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.
![](https://media.bulios.com/media/statuses/inside/6ab6eb41-db8b-484d-a6e3-8d0e66b7b9fb.jpg?w=600)