Odaily News Linh Tran, a market analyst at XS.com, said the recent rebound in cryptocurrencies is partly due to a favorable macro environment and institutional influx. The weaker dollar also enhances Bitcoin's appeal as an alternative means of storing value. On the policy front, Tran pointed out some positive developments, such as the approval of a bill in Texas to establish a state-controlled Bitcoin reserve, which shows that more and more legislatures accept Bitcoin as a long-term reserve asset. (Jinshi)