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Trump Protects the Crypto Bank.
• Trump's executive order aims to prevent banks from discriminating against cryptocurrency companies
• The GENIUS Act established 1:1 backing requirements for stablecoins with a dual licensing framework
• Bitcoin is trading at $113,679 (+0.80% weekly) while BNB reached its all-time high (ATH) of $804
• The market shows mixed signals: $80M of negative taker volume with a bias of 52% towards short positions in derivatives
Price Action and Technical Levels
• Bitcoin faces immediate resistance between $118,000 and $120,000; support at $115,000
• Ethereum is trying to break above $3,600 and requires confirmation by volume
• NFT sales increased by 41%, led by CryptoPunks (+590%)
• Bitcoin maintains a 65% dominance in the market despite the rises of altcoins like HYPE (+25%)
$HYPE
