Since the launch of bitcoin exchange-traded funds earlier this year, bitcoin has regained and even surpassed the all-time high it set during the heady days of the 2021 bull market. But for weeks and weeks and weeks it seems like, at best, the biggest crypto has been trading sideways.

By and large, there have been many positive developments for crypto in recent months. The European Union, after passing MiCA last year, is beginning to see traction in its domestic crypto market while other global hubs like Hong Kong, United Arab Emirates and countries across the Caribbean have also been advancing meaningful legislation

And perhaps more importantly, it finally seems like regulatory gridlock in the U.S. is beginning to ease up. The House recently passed the Financial Innovation and Technology for the 21st Century Act (FIT21) last week, marking the furthest a crypto-specific bill has ever gone in legislatively. Meanwhile, the U.S. Securities and Exchange Commission did a U-turn on Ether ETFs.