Big policy change: US fully welcomes crypto assets, unlocking access for BTC

Trump just signed a couple of executive orders back in August. Now, 401(k)s can invest in crypto. Digital assets are allowed in retirement accounts now, putting them alongside private equity and real estate as part of the "alternative asset" class. This gets rid of the confusion that the Department of Labor’s cautious stance created before. This shift could let trillions in retirement funds flow into the crypto space, with some analysts thinking we might see an extra $900 billion roll in, which should be great news for BTC spot ETFs and institutional holdings down the line. No more regulatory crackdowns on "de-banking" Federal agencies need to take a look at and get rid of any financial discrimination policies based on "reputational risk" in the next six months. They’re basically saying banks can’t just cut off services to legit crypto businesses anymore. This really tackles some of the industry's biggest issues and ensures crypto firms get fair access to financial services. Strengthening expectations with Federal Reserve appointments. Trump also nominated White House economic advisor Stephen Miran for the Federal Reserve Board on August 7. The Fed’s pro-crypto vibe, along with the increased odds of a rate cut in September jumping to 95% (up from just 38% a week before), pushed BTC up 2% in a single day, making it hit over $117,500. Looking at the Market: BTC Technicals and Institutional Buying Price swings and liquidity issues Key resistance and support levels: BTC is hitting strong resistance at $117,000, while there’s a "low liquidity gap" (not many buy orders) in the $108,000-113,000 range.