ALONDRACRYPTO - PORTALLATINO
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🔸Bitcoin rose to over $117,000 thanks to two important news items.
-Retirement plans: The U.S. government now allows cryptocurrencies, such as bitcoin, to be included in retirement savings plans, meaning more people could invest in them.
-New appointment: President Trump appointed a new member to the Federal Reserve who is believed to be in favor of lowering interest rates, a move that is usually good for the cryptocurrency market.
These news items, along with the expectation that the central bank will soon cut interest rates, have boosted the price of bitcoin and other cryptocurrencies. In summary: new doors are opening for cryptocurrencies and this is increasing their value. $BTC
-Retirement plans: The U.S. government now allows cryptocurrencies, such as bitcoin, to be included in retirement savings plans, meaning more people could invest in them.
-New appointment: President Trump appointed a new member to the Federal Reserve who is believed to be in favor of lowering interest rates, a move that is usually good for the cryptocurrency market.
These news items, along with the expectation that the central bank will soon cut interest rates, have boosted the price of bitcoin and other cryptocurrencies. In summary: new doors are opening for cryptocurrencies and this is increasing their value. $BTC
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