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#Trump Allows 401(k) Crypto Investing#
A noteworthy development occurred in the crypto world. Former US President Donald Trump took a step allowing individual retirement accounts to invest in cryptocurrencies through (401k). This change opens a new door, especially for investors looking to diversify their portfolios and invest for the long term.
The inclusion of cryptocurrencies in retirement funds can facilitate access to these assets for both institutional and individual investors. However, it is important to remember that this opportunity also brings volatility and market risks.
Bitcoin $BTC is trading at 114,146 dollars in the market.
Although the market is deepening, the expectation of sudden movements continues.
Critical levels:
• Support: 112,000 $
• Resistance: 117,500 $
Technical status of the day:
• The price is still below the 50-day average on the daily chart.
• On-chain data shows that large wallets are accumulating; this supports the likelihood of a careful increase in volume.
Although the volume and volatility are low, a "quiet before the storm" is possible in Bitcoin.
Staying informed is wise.
$ETH Ethereum is currently at $4,155.67. During the day, it has fluctuated between $3,889 and $4,187.
Short-term assessment:
• Support: $4,000
• Resistance: $4,200
• The current price seems to have stabilized within this range. This move has the potential to support long-term crypto demand.
In my opinion, this development will increase institutional interest in cryptocurrency in the US and could boost liquidity during the bull season.
However, this also means that price fluctuations will affect a wider audience.