Bitcoin’s price is stabilizing at approximately 108,852 USD after a 0.62% decrease. Cantor Fitzgerald’s launch of a 2 billion USD Bitcoin-backed lending initiative marks a crucial step in institutional adoption, sparking optimism among analysts for a new investment cycle.
The U.S. Government’s evolving stance, referring to Bitcoin as ‘digital gold’, enhances positive market sentiment. Current technical analysis indicates a potential breakout in Bitcoin’s pricing structure, underscoring critical levels for future bullish or bearish movements.
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