Bitcoin may undergo price corrections after reaching a new high due to potential profit-taking by investors. However, the optimistic market sentiment could persist following positive legislative developments in the U.S. The House of Representatives passed three crucial cryptocurrency bills, including the GENIUS Act, signifying a step toward a clearer regulatory framework. This advancement could positively impact Bitcoin's institutional adoption and long-term positioning. Similarly, Ethereum also saw price gains, trading over USD 3,600, strengthened by robust ETF inflows and new investment routes proposed by BlackRock.
After hitting a new high, Bitcoin could face price correction as investors begin profit-taking. However, the market retains optimistic sentiment from its recent surge and legislative developments.
The U.S. House of Representatives has approved three key cryptocurrency bills, including the GENIUS Act, viewed as a step toward a coherent U.S. regulatory framework.
For Bitcoin, the legislative advancements may serve as a supportive inflection point for institutional adoption and long-term capital positioning, reducing uncertainty around jurisdiction.
Ethereum surpassed USD 3,600, buoyed by strong ETF flows, and BlackRock's proposal to include staking in its Ethereum ETF could attract institutional investments.
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