📉 Bitcoin takes a small step back but still on the rise! 🚀
On Friday, May 23, Bitcoin dropped to $109,110 after hitting a recent high near $112,000. This is a normal correction—investors are taking profits, and big players are moving funds. Despite the slight dip, Bitcoin gained 8% over the past week and nearly 18% over the past month! 🔥
The market mood is boosted by news from the U.S. Senate. The GENIUS Act is moving forward to better regulate stablecoins and attract institutional investors. Major banks like JPMorgan and Bank of America are planning to launch a joint stablecoin to simplify international payments.
Interest in Bitcoin is growing—spot ETFs saw an inflow of almost $935 million. Altcoins like Ethereum and Dogecoin also experienced slight corrections, following Bitcoin’s lead.
We’ll keep watching the crypto market closely!