Bitcoin's Bullish Outlook
Analysts are forecasting Bitcoin could surge to $100,000 or more, citing strong support levels and favorable macroeconomic conditions. Arthur Hayes, former BitMEX CEO, believes the Federal Reserve's current policies set the stage for a significant rally .
2. CME to Launch XRP Futures
The Chicago Mercantile Exchange (CME) is set to introduce XRP futures on May 19, 2025. This move is expected to enhance XRP's institutional credibility and liquidity .
3. Regulatory Developments in the U.S.
U.S. senators are pushing the "End Crypto Corruption Act," aiming to prevent officials from profiting off digital assets. This legislation targets President Trump's $2 billion stablecoin deal, reflecting growing concerns over crypto's influence in politics .
4. Pakistan's Crypto Council Established
Pakistan has launched the Pakistan Crypto Council (PCC) to regulate and promote blockchain technology and digital assets. The council is backed by the Ministry of Finance and includes Binance co-founder Changpeng Zhao as a strategic adviser .
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🔮 Market Predictions
Galaxy Research projects Bitcoin could reach $150,000 in the first half of 2025, potentially exceeding $185,000 by year's end, driven by institutional adoption and favorable regulations.#Ethereum✅ $ETH
