Bitcoin (BTC/USD) is trading with a bullish bias near 94,667, logging an impressive 11.3% gain, as bullish momentum continues to build behind institutional support and regulatory clarity. The move comes just as Nasdaq urged the SEC to treat certain cryptocurrencies as securities while leaving Bitcoin outside that framework—a shift that could accelerate broader institutional adoption.
In a letter dated April 25, Nasdaq proposed a new category called “digital asset investment contracts”—a middle ground for tokens that aren’t quite stocks but still require oversight.