Live News at 13 August

UTC :1:29 am

$BTC is trading higher as growing institutional interest fuels a climb towards a new all-time high. According to BTC Markets cryptocurrency analyst Rachael Lucas, major investors such as US ETFs, corporate treasuries, pension funds, and endowments are increasing their allocations to #BTC . Bitcoin last traded 1.2 per cent higher at $US120,093.70.

Lucas noted that recent executive orders signed by US President Donald Trump, allowing alternative assets, including cryptocurrencies like Bitcoin and Ethereum, to be included in US 401(k) and other retirement plans, represent a significant policy shift, helping to push crypto further into the mainstream. Lucas explains that US workers can potentially allocate a portion of their retirement savings to Bitcoin ETFs or Ethereum-based products, dependent on employer adoption and fiduciary risk assessments. This trend could channel billions in retail capital into crypto, supporting price stability and sustained growth.