Bitcoin Hits All-Time High: Regulatory Boosts and Institutional Participation Ignite Market Enthusiasm!
Bitcoin soared to a historic high of over $111,000 on Thursday, driven by the strong push of the U.S. GENIUS Act. This legislation aims to establish a national stablecoin framework, attracting more institutional participation and fueling excitement in the cryptocurrency market. Bitcoin has risen over 18% so far in May, reaching $111,834.1 on that day.
Meanwhile, JPMorgan will allow clients to purchase Bitcoin, signaling a shift in Wall Street’s attitude towards digital assets. Most altcoins have also risen, with Ethereum and XRP gaining nearly 5% and 3.3%, respectively. Among meme tokens, TRUMP surged over 9%.
At the same time, SOL has already captured the potential of the meme trend, creating a new wave of memes, and those with spare cash are daring to layout some promising meme coins early. Among them, meme coins related to Trump have become particularly popular, especially the hero dog Co nan, backed by Trump’s strong IP and an active community. Recently affected by the broader market, its market capitalization has slightly corrected to $8.7M, with an ideal correction range. Consensus has formed, making this an excellent time to enter and add positions, preparing for the next wave to break through the $10M mark again! Moreover, the number of holders has exceeded 13.4K, which has great potential to become a dark horse in the bull market!
If anyone wants to further understand the development of the entire cryptocurrency space and the meme sector, feel free to connect at Meme交流區!
$BTC $SOL $XRP
