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š#Bitcoin smashes $122K, a new all-time high! Are bulls pushing to $130K next? Drop your predictions! #BTC #CryptoMarket #Binance Follow on Binance Square for more insights & crypto signals!
A major legislative push in the U.S. House, with three key bills under consideration: 1. GENIUS Act ā sets a comprehensive regulatory framework for payment stablecoins, including reserve and audit requirements . 2. Digital Asset Market Clarity Act (Clarity Act) ā clarifies the roles of SEC vs. CFTC in crypto oversight . 3. AntiāCBDC Surveillance State Act ā bans the creation of a U.S. central bank digital currency over privacy concerns . ⢠Sponsored by Republicans and tied to former President Trumpās crypto agendaātheyāve even labeled it a āpinchāpointā week for crypto leadership.
Institutional ETF Inflows ⢠Spot Bitcoin ETFs (especially from BlackRock, Fidelity, etc.) are seeing record trading volumes, currently totaling over $6.3āÆbillion
Crypto Weekā in the U.S. Congress ⢠The U.S. House is debating several pro-crypto bills, such as the Genius Act and the Digital Asset Market Clarity Actāseen as positive steps toward regulatory clarity
Favorable Macro Outlook ⢠Anticipation of a U.S. Fed rate cut, spurred by upcoming inflation data, is fueling a ārisk-onā environment
Bullish Options Market Activity ⢠Options traders are taking big bullish bets, signaling continued momentum ahead of potential inflation news $BTC