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@kewur 1 month ago

Bitcoin moves up 8% to $73k, Kraken gets Fed master account

Bitcoin moves up 8% to $73k, Kraken gets Fed master account

Bitcoin rose 8% to over $73,000, likely driven by Middle East geopolitical hedging and $680 million in recent ETF inflows. Kraken Financial also got a Fed master account, allowing them direct access to the banking payment system. Trump posted on Truth Social pushing for the Clarity Act to allow stablecoin yields. Related stocks moved up with COIN +15%, MSTR +11%, and HOOD +8%. Despite the move, BTC is still down 16% year-to-date.
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