Bitcoin Rallies Toward New Highs as U.S. Crypto Legislation and ETF Flows Surge

Bitcoin is testing new highs fueled by strong ETF inflows and increasing optimism around upcoming U.S. Congressional crypto legislation. Despite overall bullishness, some large holders and traders are expressing caution, with volatility remaining low and funding rates positive. Macro catalysts such as anticipated U.S. rate cuts and major crypto tax reform proposals are providing further support to broader risk sentiment.