Bitcoin has not reached its new all-time high so far, as the market has experienced uncertainty, harsh liquidity and careful investor sentiment.
The inflation has cooled a bit, but concerns about Treasury yields and tariffs make traders hesitate to visit everything. After the recent rally, many may be waiting to make a profit and see if the Fed will cut some amount before making the next move.
Bitcoin is currently sitting at around $80,000.
The Genius Act has strong bipartisan support and highlights a common commitment to establishing a clear regulatory framework for payment stability.
Sen. Bill Hagerty (R-TN) praised the bill’s progress, saying, “I’m happy to see my genius be handed over successfully by the Senate Banking Committee with bipartisan support.”
He highlighted its role in modernizing payment systems, improving efficiency and strengthening US economic leadership. Christine Smith, president of the Blockchain Association, a crypto lobbying group, reflected this sentiment and called the vote a “smart step in the right direction of American innovation.”
The passage of the bill emphasizes a unified stance on Washington’s unified unified stance. Lawmakers on both sides of the aisle are openly committed to promoting crypto innovation while protecting consumers.
Rumble, a video sharing platform known for its Free Speech Speech Stance and positioning as an alternative to YouTube, boldly moved to Bitcoin and bought Cryptocurrency for an average price of $91,000 per coin.
This decision is in line with the broader push for decentralisation, challenging both large-scale technology and traditional financial institutions. However, since the Rumble purchase, Bitcoin prices have fallen amid concerns over macroeconomic uncertainty and potential recession.
Despite the recession, Rumble’s investment signal continued its institutional interest in Bitcoin and strengthened its corporate role as a financial asset in the Ministry of Finance.
Bitcoin’s role in decentralized finance (DEFI) is expanding as Layer 2 solutions work to unlock its possibilities.
The Binance Research Report emphasizes that only 0.8% of the cryptocurrency supply is engaged in Defi, highlighting an important room for growth.
The inherent lack of programmerism in Bitcoin poses challenges, but Layer 2 networks are intervening to enable lending, staking, stubcoin, and decentralized exchanges.