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Bitcoin(BTC) Surpasses 97,000 USDT with a 2.41% Increase in 24 Hours On May 07, 2025, 00:08 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 97,000 USDT benchmark and is now trading at 97,036 USDT, with a narrowed 2.41% increase in 24 hours. $BTC i hope btc will cross 100000 usdt soon,
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#USHouseMarketStructureDraft Donald Trump promised to transform the U.S. into the “crypto capital of the planet,” and he will need cryptocurrency legislation for his administration to do it. But while bills for both stablecoin regulations and market structure legislation were expected within his administration’s first 100 days, little concrete progress has been made by lawmakers in advancing a comprehensive domestic policy framework — particularly as it relates to crypto markets. And if the news Tuesday (May 6) coming out of the joint hearing entitled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century,” held by the House Financial Services (HFS) Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence & House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development, is any indication, it may take at least another 100 days for emotions on both sides of the aisle to cool. Initially a bipartisan hearing meant to discuss a Digital Asset Market Structure Discussion Draft, which was introduced into Congress on Monday (May 5), the hearing instead derailed down partisan lines. Rather than attending the Tuesday hearing, many Democratic lawmakers, led by House Financial Services ranking member Maxine Waters, walked out of the joint hearing in order to hold their own entitled “Democratic Hearing To Discuss Trump’s Crypto Corruption and Conflicts of interest.” “This decision comes after Chairman French Hill (R-AK) refused to include provisions in legislation blocking Trump’s ability to further enrich himself from crypto,” said Waters. The political conflict marks a sharp turn in what was once a relatively bipartisan area of interest and risks turning both stablecoin oversight and crypto market clarity from a regulatory challenge into a political football being thrown back and forth. Card
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#FOMCMeeting MARKET ALERT: HIGH VOLATILITY EXPECTED TOMORROW 🚨 The FOMC rate decision drops tomorrow at 2 PM UTC — no rate cuts are expected and that’s already priced in. But the real action starts 30 minutes later with Powell’s press conference. Since the last meeting: Inflation has cooled GDP has turned negative This could push Powell to strike a dovish tone, which is bullish for risk-on assets like crypto. There’s also speculation that the Fed could signal the end of QT, ongoing since 2022. Bottom line: A bullish Fed = possible altcoin reversal incoming. Stay sharp. #FOMCMeeting #USHouseMarketStructureDraft #USStablecoinBill
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