✉news BusinessCrypto first seen 13 h ago, last 1 h ago, peak #7
Bitcoin holds below $85,000 as SEC custody proposal lifts outlook
Original: Bitcoin holds below $85,000 as SEC custody proposal boosts institutional outlook
Bitcoin is trading below the $85,000 mark as investors weigh a new SEC custody proposal seen as favorable to institutional involvement in crypto markets. The proposal, which would clarify how digital assets can be held by regulated custodians, is being read as a boost for institutional adoption, even as the price remains range-bound under resistance.
Why now: A new SEC custody proposal is shaping expectations for institutional adoption of bitcoin.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/806534