Trump 401(k) Order plus SEC Guidance Hammer Bitcoin Reach $120K
Bitcoin sharply waka pass dollar $120,600 after former President Trump drop executive order wey allow 401(k) plans to invest for crypto money. This move follow the SEC guidance wey clear the compliance standard, plus e make institutional money enter the market, big asset managers dem file for spot Bitcoin ETFs. The trading volume for spot exchange jump 20% week on week, and futures open interest increase because of the growing market optimism. Federal Reserve talk wey support to reduce interest rate for July plus positive talk about stablecoin regulation make the US dollar weak, this one boost digital assets more. Analysts yan say short-term e go get small rest but dem still get hope for medium-term because of ETF prospects, clearer rules and new institutional money. Traders suppose dey watch ETF things, how 401(k) go take work plus regulatory updates to sabi when to enter for market.
Bullish
Di combined tori wey Trump 401(k) executive order plus SEC clear crypto policy bring be strong bullish push for Bitcoin. Make 401(k) plan fit put as much as $9 trillion institutional money comot go new investor dem. SEC talk better make compliance no dey confuse people and e dey push spot ETF dem fast. More people dey trade and open interest high show say buyers dey strong. Better talk about stablecoin regulation and Fed fit reduce rate make USD weak, e go make crypto demand go up. Short-term, maybe market go cool small but medium-term everything show say price go still dey go up.