Bitcoin is trading near $94,667 with an impressive 11.3% weekly gain driven by strong institutional backing and clearer regulatory frameworks distinguishing Bitcoin from other crypto assets. Nasdaq’s proposal to categorize digital assets differently from traditional securities could pave the way for more corporate participation in Bitcoin investments. Semler Scientific's recent $10 million Bitcoin purchase further boosts market confidence, reflecting growing corporate treasury adoption. Meanwhile, regulatory challenges faced by NFTs like Nike's RTFKT highlight Bitcoin’s comparatively stable legal status. Technically, Bitcoin nears resistance around $96K with momentum showing signs of slowing, calling for cautious trading strategies. Additionally, the BTC Bull Token presale is gaining traction, offering an 83% staking yield that attracts investors seeking passive income opportunities.
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Bitcoin Approaches $95K Amid 11.3% Weekly Rally: Institutional Support and Regulatory Clarity Fuel Optimism
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