Bitcoin holds below $85,000; SEC proposal boosts institutional outlook

Bitcoin is trading under the $85,000 mark following recent market movements. The US Securities and Exchange Commission (SEC) has introduced a custody proposal that is widely interpreted as a positive step for institutional investors looking to enter the crypto space. This development is expected to increase mainstream adoption and capital inflow into major cryptocurrencies. Increased institutional interest in crypto could potentially divert some investment flows from traditional safe-haven assets like gold or reflect a broader risk-on sentiment in global markets, indirectly influencing gold and USD/PKR dynamics.

بحوالہ / Source: www.investing.com