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$BTC Bitcoin BTC $94,393 has given back some of the gains over the weekend, and the price has pulled back to the breakout level of $95,000. Buyers will have to successfully hold the $95,000 level to keep the bullish momentum intact.
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#USHouseMarketStructureDraft The two relevant committees in the U.S. House of Representatives have released a discussion draft of the legislation they hope will establish a regulatory regime for cryptocurrency in the U.S. Built on the back of the previous effort known as FIT21, this version also aims to set clear boundaries between the crypto jurisdictions of the Commodity Futures Trading Commission and the Securities and Exchange Commission. The bill will be the starring attraction at a joint hearing on Tuesday.
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#FOMCMeeting The Federal Reserve’s upcoming FOMC meeting on May 7, 2025, is drawing serious attention from crypto investors. With interest rate decisions and Powell’s speech on the agenda, the market is on edge. After a long pause following aggressive hikes in 2022–2023, the Fed began cutting rates in late 2024, bringing the current rate to 4.25%–4.50%. Now, with a 94% probability that the Fed will hold rates steady, investors are watching closely.
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#USStablecoinBill The bill would grant stablecoin holders priority over all other claims against the issuer in bankruptcy, and it updates the bankruptcy code. The bill would permit the Treasury, to establish "reciprocal" agreements with jurisdictions with regulatory regimes substantially similar to those of the United States
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#MarketPullback Several indicators, including moving averages and pivot points, can help you to determine whether a pullback is actually a reversal. This is because these indicators highlight levels of support. If the pullback breaks through this
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