Sanders, Warren: Drop Bitcoin From 401(k) Plans
Sanders and Warren urge Labor Department to exclude Bitcoin from 401(k) plans as BTC trades at $67614.77 on bearish 4h structure.
SourceAnalysis
US Senators Bernie Sanders and Elizabeth Warren called on the Labor Department to reverse guidance allowing Bitcoin and crypto in 401(k) plans, citing risks to retirement savings.
The move revives their long-standing push against cryptocurrency 401(k) investments that gained traction in the past year. BTC price prediction models now face added regulatory pressure while the market digests broader crypto regulation history from the last twelve months.
On the 4-hour chart BTC sits at $67614.77 beneath the EMA50 at $73073.3 and EMA200 at $75956.99, with RSI(14) at 17.99 marking deep oversold territory and MACD at -1627.84 confirming a death cross; price remains inside the Bollinger Bands between $67090.99 support and $76580.82 resistance, suggesting a potential relief bounce before any sustained recovery attempt.
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