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🚨 Bitcoin Price Update & Market Insight — June 18, 2025 📅
Pair: $BTCUSDT 🔁
Current Price: $104,886
24H Change: -2.07% 🔻
Range: $103,597 – $107,645
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📰 Top Crypto News Today:
✅ 1. US Senate Passes GENIUS Act
The U.S. Senate has approved the GENIUS Act, a game-changing bill to regulate dollar-pegged stablecoins. It mandates:
• 🔎 Audits & Transparency
• 💵 1:1 Reserve Backing
• 🧾 AML & Compliance
This could bring more institutional trust and long-term stability to the crypto space. 👨⚖️✅
✅ 2. $BTC Near Key Resistance
Bitcoin is testing the $108K resistance zone, with bulls watching the $109K breakout level closely.
⚠️ Caution: Rejection could mean a short-term pullback to the $102K support zone.
✅ 3. XRP ETF Launches Today
Canada’s Purpose Investments just launched the first spot $XRP ETF on the Toronto Stock Exchange.
🎯 Ticker: XRPP
This could set a precedent for XRP ETFs in the US too!
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📊 Market Sentiment
• 🐳 Whales Are Accumulating ETH: A single whale scooped up 48,825 ETH (~$127M)!
• 🚀 Altcoins like $TRX and $HYPER show strong upside momentum.
• 🏛️ Tax Alert: Recovered crypto (from hacks/scams) may now be taxable income in the U.S.
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🔍 Quick TA on $BTCUSDT:
• Support Zones: $102,000 / $98,500
• Resistance Levels: $108,900 / $109,800
• RSI: Neutral (~52)
• Trend: Consolidation before next breakout?
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🧠 TL;DR:
Bitcoin remains volatile amidst regulation wins and ETF momentum. Watch for the $108K breakout, but keep an eye on potential retracement levels. Meanwhile, regulation clarity and big whale moves are setting the stage for Q3 fireworks.
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💬 What’s your short-term target for $BTC? Bullish or Bearish?
👇 Drop your thoughts & follow for daily updates.
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