Bitcoin's price rally has gained momentum, propelled by the growing interest of institutional investors and the adoption of cryptocurrencies by major financial institutions. The influx of institutional players entering the market has generated excitement and a fear of missing out (FOMO) among investors.

Key developments driving Bitcoin's surge include the application for a spot bitcoin exchange-traded fund (ETF) by BlackRock, which has sparked the interest of other institutions such as Grayscale and Fidelity, who have also announced their own ETF plans. Additionally, a new non-custodial crypto exchange backed by Charles Schwab, Fidelity, and other major banks has been launched, offering trading of Bitcoin and Ethereum in a decentralized manner.

The involvement of financial giants like BlackRock, Fidelity, and Charles Schwab has intensified FOMO in the market, leading to massive buying and trading volume, with approximately $40 billion flowing into Bitcoin within the last 24 hours.

While Bitcoin experiences heightened FOMO, alternative cryptocurrencies (altcoins) are lagging behind in terms of price appreciation. However, assets like Grayscale Bitcoin Trust (GBDC) have seen increased demand, potentially leading to a short squeeze when Bitcoin surpasses the $30,000-$32,000 range.

Investors are advised to consider including Bitcoin in their portfolios, as Bitcoin dominance approaches 50%. The "50-25-25 rule" is suggested as a guideline for allocating investments. Notably, financial institutions worldwide are embracing Bitcoin and blockchain technology, with examples including Spain's largest bank utilizing lightning networks and Bitcoin forming a golden cross with its 20 and 200-day moving averages.

Moreover, the decreasing supply of Bitcoin on exchanges indicates a rising demand, as more individuals are purchasing Bitcoin and withdrawing them from exchanges. As the scarcity of Bitcoin increases, it may further drive up its price due to the supply and demand dynamics.

Despite some market manipulation attempts by large players, investors are encouraged to remain focused on the long-term future of cryptocurrencies, continue accumulating through dollar-cost averaging (DCA), and stay informed by engaging with reliable sources in the crypto community.

Please note that the cryptocurrency market is highly volatile, and investors should exercise caution and conduct their own research before making any investment decisions.