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#BTC Market Cap Tops Amazon #BTC Back To $120k Bitcoin and cryptocurrency prices have risen with the positive developments in American regulations.
Bitcoin has seen strong gains in the second half of last week. Trump signed an order allowing regulators to access alternative assets, including cryptocurrencies and private investments, such as 401(k).
This step 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 United States experienced a strong influx of capital for three days following Trump's order. This coincided with a strong rise in Bitcoin prices. However, a large portion of the recent cryptocurrency gains occurred during a period of low liquidity over the weekend. This raised some questions about whether the current price levels are sustainable.
Not investment advice