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Bitcoin Price Prediction: Will SEC’s First Multi-Asset ETP Push BTC Past $120K?

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Bitcoin trades close to $117,321 with a 24-hour quantity of $49.4 billion and a market cap of $2.33 trillion. Despite international volatility, BTC stays the anchor of institutional portfolios. The Federal Reserve’s newest 25-basis-point price lower, the primary since December, gave recent momentum to danger belongings. Lower borrowing prices sometimes assist Bitcoin as buyers search for alternate options to conventional belongings.

Adding cultural weight, memecoin merchants unveiled a 12-foot golden statue of Donald Trump holding a Bitcoin close to the U.S. Capitol. Though a stunt, it underscores how crypto continues to mix politics, memes, and monetary markets.

  • Bitcoin market cap: $2.33 trillion
  • Current BTC worth: $117,321
  • Trading quantity: $49.4 billion (24 hours)

SEC Clears Grayscale’s First Multi-Asset ETP

The SEC has approved Grayscale’s Digital Large Cap Fund (GLDC), the primary U.S. multi-asset crypto exchange-traded product. The ETP offers publicity to Bitcoin, Ethereum, XRP, Solana, and Cardano with out requiring buyers to handle wallets or trade accounts.

This transfer follows the success of spot Bitcoin ETFs and displays regulators’ new itemizing requirements, that are designed to simplify crypto fund approvals on Nasdaq and NYSE Arca. Grayscale CEO Peter Mintzberg known as the launch a milestone for mainstream adoption.

Approval strengthens Bitcoin’s function because the cornerstone of institutional crypto methods, whilst investor curiosity broadens into altcoins.

Laos Turns to Bitcoin Mining for Debt Relief

Laos, often known as the “battery of Southeast Asia,” is exploring Bitcoin mining to ease its $1.3 billion annual hydropower debt. By utilizing surplus electrical energy for mining, Laos may convert unused energy into globally liquid belongings.

The nation experimented with mining in 2021 however halted new tasks in 2023 attributable to drought and grid stress. Now, as compensation pressures mount, officers are re-evaluating crypto mining as a method to monetize stranded power.

This technique mirrors Bhutan and Ethiopia, the place renewables are being redirected to crypto. It reinforces Bitcoin’s rising narrative as “digital power cash.”

Bitcoin Price Forecast – Technical Outlook

On the 4-hour chart, Bitcoin consolidates inside a rising wedge, buying and selling close to $117,366. The 50-SMA at $116,000 and the 200-SMA at $113,243 present agency assist.

Candlestick rejections close to $115,800 recommend patrons proceed to defend key ranges, whereas the RSI at 59 exhibits cooling momentum with out signaling overbought situations.

If BTC closes above $117,978, a climb towards $119,287 and $120,298 is probably going, with room for $125K–$130K within the weeks forward.

A break under $116,000 may set off a pullback towards $114,400 and even $113,200. For now, the bias stays cautiously bullish, with long-term potential for a $500,000 supercycle if liquidity and macro tailwinds align.

Presale Bitcoin Hyper ($HYPER) Combines BTC Security With Solana Speed

Bitcoin Hyper ($HYPER) is positioning itself as the primary Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM). Its objective is to develop the BTC ecosystem by enabling lightning-fast, low-cost sensible contracts, decentralized apps, and even meme coin creation.

By combining BTC’s unmatched safety with Solana’s high-performance framework, the venture opens the door to completely new use instances, together with seamless BTC bridging and scalable dApp growth.

The workforce has put robust emphasis on belief and scalability, with the venture audited by Consult to provide buyers confidence in its foundations.

Momentum is constructing shortly. The presale has already crossed $16.8 million, leaving solely a restricted allocation nonetheless accessible. At as we speak’s stage, HYPER tokens are priced at simply $0.012945—however that determine will enhance because the presale progresses.

You can purchase HYPER tokens on the official Bitcoin Hyper website utilizing crypto or a financial institution card.

Click Here to Participate in the Presale

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