##CryptoNews🔒📰🚫 $BTC $ETH 🚨 The Congress passes the first comprehensive law on cryptocurrencies.. and “Ripple” records a historic peak! 🇺🇸💰
The American Congress passes the first comprehensive law on cryptocurrencies under the name GENIUS
🔹 The aim of the law: To regulate the cryptocurrency market and provide a clear legal framework for issuers of stablecoins.
🔹 The main requirements of the GENIUS law: 1. 100% cash reserves for issuers. 2. Subject to periodic audits and official registration with federal or governmental agencies. 3. Prohibition of stablecoins not backed by assets (such as some algorithmic currencies). 4. Prohibition of any unlicensed entity from issuing stablecoins.
🔹 Ripple (XRP): Recorded a historic peak immediately after the vote, amid investor optimism. $XRP
Predictions for Bitcoin and Ethereum prices in the coming period 📉
<t-14/>#Cryptocurrencies: $BTC $ETH $ 🚀 Bitcoin price predictions Standard Chartered expects the price to reach $200,000 by the end of 2025, with $135,000 reached by the end of the third quarter. Bitwise sees the same target at $200,000, based on institutional flows and ETF funds, with expectations for Ethereum growth as well. JPMorgan expects Bitcoin to outperform gold in the second half of 2025, driven by increased institutional reserves and government trends toward establishing crypto reserves.
The insane rise of dominance without stopping is the only reason that we haven't started an altcoin season
The strangest thing is that the dominance percentage has reached 66%, knowing that the highest percentage Bitcoin has ever reached in its history was 72%
I see that there is an attempt to remove many coins from the market, so Bitcoin is taking all the market liquidity completely, and this is clear in the dominance percentage
- There is no clear evidence yet that there is an upcoming altcoin bull season, we need more patience! #Dominans
Market observers see that the sharp increase in the open interest volume for XRP contracts reflects rising speculative activity and hints at the possibility of a price breakout in the near term 📉📉 Where the open interest for XRP jumped to nearly $5 billion, indicating increased speculative activity as traders enter large positions in the derivatives market. This rise suggests potential strong momentum as market participants prepare for a decisive movement 🔥
Market observers see that the sharp increase in the open interest volume for XRP contracts reflects rising speculative activity and hints at the possibility of a price breakout in the near term 📉📉 Where the open interest for XRP jumped to nearly $5 billion, indicating increased speculative activity as traders enter large positions in the derivatives market. This rise suggests potential strong momentum as market participants prepare for a decisive movement 🔥
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