The Next Big Catalysts for Bitcoin

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According to CNBC "Fast Money" trader Brian Kelly, Tuesday's rally is the result of more crypto-friendly attitudes by government regulators.

Not only did Wyoming on Monday pass a bill relaxing securities law for some tokens, the South Korean government, which had previously vowed to crack down on cryptocurrency trading, said it would "support" and even "encourage" crypto operations so long as they were "normal" transactions.

"The sentiment has changed here, which to me is going to start bringing in more investors to the space," Kelly said Tuesday on CNBC's "Futures Now."

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Here's what's behind bitcoin's bounce back from CNBC.

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