$USDC

Here’s the latest on BTC/USDC:

📉 Bitcoin (BTC) Price Update

Current Price: $104,756

Change Today: Slight dip of around $‑199 (‑0.19%)

Intraday Range: $103,795 to $105,283

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📍 USDC (USD Coin) Overview

🔄 Stable Value

USDC remains firmly pegged to the U.S. dollar at $1.00, with negligible fluctuations (~–0.01%) .

Market cap stands at approximately $61.5 billion, with a 24-hour trading volume near $10.6 billion .

🏛️ Regulatory Breakthrough

The U.S. Senate has passed the GENIUS Act, creating the first federal regulatory framework for stablecoins like USDC .

This includes mandates for full-reserve backing, monthly audits, and AML/KYC compliance. It now moves to the House for final approval .

📈 Impact on Circle and Coinbase

Circle (CRCL), USDC’s issuer, saw its stock surge ~16% today, climbing to ~$173.60 on the NYSE .

Coinbase (COIN), which co-founded USDC and shares reserve-related income, gained 11–17% following the bill’s passage .

Coinbase also launched Coinbase Payments, enabling USDC transactions integrated with Shopify, further leveraging the token's utility .

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🧩 Why This Matters for BTC/USDC

Stability Anchor: USDC’s steadfast peg makes it a reliable counterpoint in BTC/USDC trades—ideal for exit points during volatility.

Growing Use Case: Regulatory clarity and product rollouts (like Shopify integration) boost USDC's role in crypto trading and payments.

BTC Correlation: As stablecoins like USDC gain legitimacy, confidence in BTC trading pairs strengthens.

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✅ Summary:

BTC: Trading ~ $104.8 k, slight pullback today.

USDC: Firm at $1.00, enjoying regulatory tailwinds.

Market Sentiment: Positive — stablecoin regulation supports USDC utility and boosts crypto infrastructure, benefiting BTC ecosystem.