Institution: The recent upward trend of Bitcoin may continue further.

TP ICAP's Head of Digital Assets, Hina Joshi, stated that the recent rise in Bitcoin may have further upside potential. She pointed out that financial institutions are generally expecting the Federal Reserve to resume cutting interest rates later this year, which would benefit risk assets including Bitcoin. According to LSEG data, the market is currently factoring in expectations for two interest rate cuts later this year. The growth of cryptocurrency reserves, increasing corporate strategies based on Bitcoin, and the gradual adoption by sovereign nations could further drive Bitcoin's rise.