Bitcoin has pressed on with its price rally, and if you believe traditional market math, another bull run has long been confirmed.

The price of BTC briefly cleared $42,000 Monday morning — up nearly one-fifth over the past month and by 150% over the year to date, about on par with Meta but trailing Nvidia.

Bitcoin is now at levels not seen since about a month before Terra collapsed in May 2022, pulling crypto into its longest bear market in history by at least one metric.

Potential approval for spot bitcoin ETFs from banks like BlackRock and Fidelity may have pushed bitcoin higher. The DOJ finalizing its case against Binance and co-founder Changpeng Zhao also appear to have helped,…

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