📰 Evening Update: BTC Plummets, SOL Freezes—Stablecoins & Strategic US Policy in Focus
Bitcoin (BTC) is now trading at $99,184, down a sharp 3.16% today, after briefly dipping below $99K—marking its lowest level since early June .
Solana (SOL) dropped about 6.4%, currently at $128.91, after a mixed rebound earlier in the day .
🔍 What’s Causing the Sell-Off:
Geo‑political Stress & Iran Tensions:
Bitcoin dropped sharply as Middle East tensions escalated—mass liquidations (nearly $1.015B) wiped out longs, signaling elevated risk-off sentiment.
Stablecoin Regulation Boost Still Dominates:
U.S. Senate passed the GENIUS Act, requiring stablecoin issuers to hold 100% reserves in safe assets like Treasuries—Circle’s stock jumped over 500% this week as crypto reacts to this legislation.
Tether Driving Treasury Demand:
Data shows Tether itself directly holds close to $98.5 billion in U.S. Treasuries, reducing yields by ~24 basis points and providing institutional stability to the crypto market.
💡 My Take:
The BTC dip is likely a short-term reaction—markers below $99K may turn into opportunities if geopolitical tensions ease.
SOL’s decline offers a potential re-entry zone, especially if ecosystem news picks up.
The stablecoin structure under GENIUS Act brings credibility and could drive stable asset inflows into crypto—expect longer-term confidence in the market.
❓ Your Turn:
Are you buying the dip in BTC or SOL?
Do stablecoin regulations give you more confidence in crypto’s future?
Drop your strategy and take below 👇
