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⚫ Microsoft revealed plans to assess investing in Bitcoin. BlackRock, issuer of the IBIT ETF, is a major 7% shareholder in Microsoft, increasing the chances of approval.

⚫ Pennsylvania passed the Bitcoin Rights bill, protecting the right to self-custody Bitcoin and allows its use as a payment method.

⚫ It was clarified that Tesla didn't sell any of its 11.5k Bitcoins, worth approximately $780m.

⚫ Many anticipate the Feds to cut rates, with Bank of America's CEO expecting a 50 bps cut in 2024 and four 25 bps cuts in 2025.

⚫ U.S.-approved political betting site, Kalshi, puts Donald Trump's winning odds at 62%. Trump is still considered the more pro-crypto candidate.

⚫ BTC open interest soared to a new high of $40.89bn, supporting the rally.

While Bitcoin surpassed $70k, there were only less than $170k in liquidations, suggesting market sentiment being mostly bullish.