🚨 Bitcoin reacts strongly to the institutional adoption of Trump Media 🇺🇸📈
After the SEC approved Trump Media's $2.3 billion Bitcoin treasury deal, the market has begun to anticipate a new cycle of institutional accumulation. This move not only positions Truth Social as one of the largest public BTC treasuries but could also pave the way for an ETF directly linked to Bitcoin.
🔸 This type of backing reinforces Bitcoin's status as a store of value.
🔸 It further solidifies the narrative that Bitcoin is a hedge against political and economic uncertainty.
🔸 However, the politicization of Bitcoin could generate volatility if the debate moves to the electoral stage.
📊 Meanwhile, BTC's price maintains key support at $69K, with psychological resistance at $72K. This type of news can act as a catalyst if buying volume responds.
👀 Are we close to a new all-time high, or is there still consolidation ahead?
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