The 2x Bitcoin Strategy ETF (BITX) closed on January 30th up 1.19% to $63.14, as Bitcoin's price rose 1.30% to $105,065.90, driven by favorable macroeconomic conditions and institutional interest. The Federal Reserve's decision to maintain interest rates at 4.25%-4.50% has provided a stable environment for risk assets, bolstering investor confidence in cryptocurrencies. Fed Chair Jerome Powell's remarks on the cautious approach to monetary policy have been positively received, reinforcing the bullish sentiment. Additionally, Trump Media's announcement to allocate a significant portion of its cash reserves to Bitcoin has injected fresh enthusiasm into the market, further supporting Bitcoin's upward momentum. The European Central Bank's recent rate cut has also contributed to a more accommodative global monetary policy environment, enhancing the appeal of digital assets.