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Futures Points
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Earn interests with idle tokens
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Auto-invest on a regular basis
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One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
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#BTC Back To $120k Bitcoin and cryptocurrency prices rose with positive developments in US regulations.
Bitcoin gained strong profits in the second half of last week. Trump signed an order directing regulators to allow savings and retirement plans, such as 401(k), to access alternative assets, including cryptocurrencies and private equity investments.
This move has the potential to expose cryptocurrencies to a new source of institutional buying and comes amid growing institutional interest in cryptocurrencies.
As a result, the leading Bitcoin exchange-traded funds in the US saw strong capital inflows for three days following Trump's order. This coincided with a strong rise in Bitcoin prices. However, a significant portion of the recent gains in the cryptocurrency occurred during the low liquidity period over the weekend. This raised some questions about whether the current price levels are sustainable.
IT IS NOT INVESTMENT ADVICE