Regulatory Shift & Market Conditions
• Trump's executive order aims to prevent banks from discriminating against crypto businesses
• GENIUS Act established 1:1 backing requirements for stablecoins with dual licensing framework
• Bitcoin trades at $118,835 (+0.80% weekly) while BNB reached ATH of $804
• Market showing mixed signals: $80M negative taker volume with 52% short bias in derivatives
Price Action & Technical Levels
• Bitcoin faces immediate resistance at $118,000-$120,000; support at $115,000
• Ethereum pushing above $3,600 needs volume confirmation
• NFT sales surged 41%, led by CryptoPunks (+590%)
• Bitcoin maintains 65% market dominance despite altcoin rallies like HYPE (+25%)
Trading Strategies
• Consider Binance's new 50x-leverage futures contracts for volatility plays
• Watch for institutional inflows as banking discrimination protections take effect
• Position in compliant projects anticipating regulatory clarity
• Balance short-term bearish indicators against improving long-term regulatory landscape
• Monitor NFT volume trends as potential leading indicator for broader market sentiment