Markets faced sharp volatility today as Bitcoin (BTC) dropped below $102,000 following U.S. airstrikes on Iran. Nearly $600M in long positions were liquidated. However, BTC has since rebounded slightly, trading near $102.8K.

Altcoins show mixed performance: BNB dropped 1.6%, while small caps like XEM and FUN surged 30%+. Market cap fell 2.1%, now at $3.21 trillion.

Meanwhile, the U.S. Senate passed the “GENIUS Act,” a major step for stablecoin regulation. Big firms like Visa, Amazon, and Circle support the move, expecting stablecoins to hit $2 trillion in market size within 3 years.

Despite short-term tension, institutional optimism and long-term adoption signals remain strong.$BTC $BNB