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Bitcoin Eyeing Fresh Breakout On Trump 401k Approval
Bitcoin prices are on watch today with the futures market soaring by almost 5% from Friday’s close after gapping higher at the weekly open. Price is now just shy of testing the all-time highs around the $123,615 level. Bullish sentiment is surging following Trump last week signing an executive order allowing BTC to be included in 401k retirement portfolios. This opens up a huge new pool of capital for BTC (around $9 trillion) and is widely seen as likely to fuel the next bull run in BTC if we start to see pension funds and retirement portfolio managers adding BTC near-term. Institutional ETF Demand Rising ... (full story)
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