BNB103894

📈 Market Overview
Bitcoin (BTC) is trading around $94,107, experiencing a slight decline of 0.46% over the past 24 hours. The price has fluctuated between $93,084 and $95,617 during this period.
Technical analysis indicates that Bitcoin is in a long-term uptrend, with a short-term target of $117,000, based on a rising channel pattern established since 2023.
Altcoins are also showing positive momentum, particularly XRP, following news that CME Group plans to launch XRP futures contracts on May 19, 2025.

🏛 Policy and Regulation
SEC Chairman Paul Atkins emphasized the need for clear regulations in the cryptocurrency sector to foster innovation and reduce legal ambiguity. This marks a shift from previous regulatory approaches.
The Federal Reserve has withdrawn its guidance requiring banks to seek approval before engaging in cryptocurrency-related activities, signaling a more open stance towards crypto involvement in the financial sector.

🇺🇸 U.S. Cryptocurrency Policy
President Donald Trump signed Executive Order 14233 on March 6, 2025, establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. This move aims to position the U.S. as a leader in digital asset strategy, utilizing forfeited digital assets to fund these reserves.
The Bitcoin Act of 2025, introduced in Congress, proposes 1 million BTC over five years through budget-neutral methods such as tariff revenue or gold-for-bitcoin exchanges. However, its passage remains uncertain.

🔍 Additional News
Crypto Rover is organizing a $1,000 giveaway on the Solana platform, requiring participants to publicly share their wallet addresses to ensure transparency and foster community trust.
AltcoinGordon has warned of potential market trend reversals, advising traders to monitor technical indicators and on-chain data to make informed decisions.

#crypto #dkfs #MarketSentimentToday #eth #xrp

The SEC postpones decisions on multiple crypto ETF proposals, including those tied to Polkadot $DOT, Hedera $HBAR and a dual $BTC / $ETH fund from Bitwise.
Decision postponed until..
June 10 - Bitwise's Bitcoin/Ethereum
June 11 - Grayscale's Polkadot & Canary's Hedera
#bitcoin #eth #hedera #Grayscale