Starting off, Terra Luna announced their bitcoin reserve holds above one billion dollars in BTC, and has bought an addition of 2,830 BTC ($133mil) yesterday. Luna, out of other companies, have steadily grown their reserves, indicating positive sentiment.

Another catalyst for this rise is 140 million dollars of bitcoin shorts being liquidated in just 24 hours. With Bitcoin's price reaching 2022’s all-time high, liquidations through several exchanges helped continue Bitcoins and the overall crypto market pump.

A significant upcoming catalyst is the forthcoming Ethereum merge, where its main net will merge into a proof of stake system to make the network significantly more scalable and efficient. This upgrade will radically change how we use decentralized applications and crypto history in general. With this highly anticipated merge approaching, this can be the start of higher price action.

Still, regardless of price actions, it feels good to know the crypto space is constantly developing and advancing from Bitcoin ETFs to De-Fi apps. I believe the underlying architecture and its unique practical use cases will make Bitcoin, Ethereum, and some crypto’s the best investments for the long term.

Two days ago, Ukraine released a tweet stating that it would receive donations through Bitcoin, Ethereum, and USDT to help finance the war. As of writing, over 17 million dollars of crypto assets have been sent to Ukraine’s address. New data also shows over 70% of bitcoin has not moved for the last 6 months, a new record. Ethereum also broke a record with its number of stakers in preparation of Eth2. The strong fundamentals highlight the possible reasons the crypto market is rebounding regardless of disastrous global events.

However, the crypto market is still down significantly from its all-time highs of November 2021 and the future is still uncertain. This rebound is not indicative of future price action, and may in-fact be short term if macro conditions decide to worsen. Given Crypto’s and rising use-cases and adoption, current and short-term fluctuations will not be a factor of the markets value in ten years.