📰 Midday Crypto Update: BTC & SOL Slump as Stablecoin News Dominates
1. Bitcoin (BTC) has dropped about 1.3% today, trading near $102,440, with support holding around $101K–$103K .
2. Solana (SOL) dipped roughly 5.4%, now at $133.89 — it hit a low near $132.86 before trying to stabilize .
🔍 Why Prices Are Shaking:
- GENIUS Act Nears Final Passage: The U.S. Senate passed the bill yesterday, and it's headed to the House. It mandates full asset backing for stablecoins and opens the door for government tech integration—massive for mainstream crypto adoption.
- Stable coin Market at New Heights: Pegged tokens are now over $251.7 B in market cap—up 22% this year. Analysts predict this could jump to $2 T within a decade.
- Institutional Flow Into Treasuries: Circle shares gained another 27% on Senate approval. Treasury demand is heating up due to stablecoin reserve requirements, boosting US bond prices.
💡 My Take:
BTC & SOL dips look like short-term pullbacks driven by rotation into stablecoin infrastructure.
Stablecoin regulation is fortifying the crypto ecosystem—expect confidence and financial inflows to grow.
$102K BTC and $130–$135 SOL could be smart levels to add on weakness.
❓ Let’s Talk:
Are you buying the dip in $BTC or SOL right now?
Do you think stablecoin reform will attract big finance players?
Comment your strategy below! 👇
