President Trump’s executive orders aimed at integrating cryptocurrency into 401(k) plans resulted in a significant surge in Bitcoin futures open interest. The price of Bitcoin rose by 3%, reaching about 117,000 USD, leading to nearly 300 million USD in short positions being liquidated.
Despite rapid profit-taking, market indicators suggest buyers are trying to maintain price levels. Analysts predict a bullish trend for Bitcoin in the year ahead, estimating the price could reach as high as 140,000 USD, driven by recent policy support.
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