btc

*Bitcoin Holds Near $104K as UK Announces Banking Crypto Regulations**

**Current BTC Price on Binance:**
- Last Price: **$104,669.9** (▼0.35% in 24h)
- 24h Range: **$103,456.9 - $105,532.0**
- Trading Volume: **26,232 BTC** ($2.74B USDC)

### **Key Developments**
1️⃣ **UK Regulatory Shift**: The British government is drafting new rules for banks handling crypto assets, focusing on:
- Financial stability safeguards
- Enhanced consumer protections
- Risk management frameworks

2️⃣ **Market Indicators**:
- Negative Basis: **-46.15**
- Funding Rate: **-0.04%** (slight bear bias)
- Moving Averages:
- 5-day MA: **511.99**
- 10-day MA: **1,160.81** (showing weakening momentum)

### **Trader Outlook**
BTC currently consolidates between **$104K-$105K** with:
✅ Support at $103.4K
✅ Resistance at $105.5K

The UK's regulatory news may cause short-term volatility but reinforces long-term institutional adoption pathways.

**Pro Tip**: Watch the $103K level closely - a break below could signal deeper correction.

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