CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

coinpedia 2025-05-19 21:43:34

Top Reasons Why Bitcoin Gained Today, May 19

The post Top Reasons Why Bitcoin Gained Today, May 19 appeared first on Coinpedia Fintech News The historical supply shock hitting the Bitcoin market has signaled to an ultimate parabolic rally in the near future. The Bitcoin market stands to significantly benefit from the improved trade-war negotiations. Bitcoin (BTC) price experienced significant volatility in the past two days after breaking out of a symmetrical triangular pattern on Sunday. The flagship coin established a support level around $102,229 on Monday, and rebounded over 3 percent to trade above $105,370 on Monday, May 19, during the late North American trading session. The wider altcoin market, led by Ethereum (ETH), rallied in tandem, thus resulting in nearly $600 million crypto-leveraged liquidations during the last 24 hours. Major Forces Behind Today’s Bitcoin Rebound JPMorgan’s Bitcoin Entry On Monday, JPMorgan’s CEO Jamie Dimon said that the bank will allow its clients to buy Bitcoin but will not participate in the custody services. Notably, JPMorgam manages more than $4 trillion in assets under management (AUM), which is likely to flow into the Bitcoin market, either directly or through the spot ETF market in the near future. The entry of JPMorgan’s clients into the Bitcoin market is a major milestone in the mainstream adoption of BTC by institutional investors. Furthermore, Dimon has been a huge skeptic of Bitcoin as a digital gold in the past but the pressure from investors has led the bank to bow down to Bitcoin. Imminent Ripple Effect of the Stablecoins Genius Act The U.S. lawmakers have been pushing a bipartisan stablecoin bill dubbed the GENIUS Act. The act, which is likely to be passed by both houses and President Donald Trump, has stipulated clear intentions of the United States. As Chairman @SenatorTimScott said, the GENIUS Act is a bipartisan leap forward to protect our national security. Read about how the bill bolsters U.S. national security by regulating and registering stablecoin issuers: https://t.co/e9GXG2cxzV — U.S. Senate Banking Committee GOP (@BankingGOP) May 19, 2025 On the top list of the GENIUS Act, stablecoin issuers, including foreign issuers, are expected to implement a technological capability to freeze and seize stablecoins. The clouse will help the United States continue to use the dollar as a political tool through sanctions. As a result, the confidence in Bitcoin as a tool for global freedom is evident among institutional and retail investors.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta