Bitcoin (BTC) has maintained stability above $100,000 for 11 consecutive days, following a significant surge from approximately $75,000 in early April. This level is seen as a potential new psychological floor for BTC, as prolonged stability at this price could normalize perceptions among traders, potentially increasing buying activity. Recent confidence in BTC was bolstered by Strategy, the largest publicly traded BTC holding firm, which purchased 7,630 BTC at an average price over $103,000. Analysts noted that the price rise in ether (ETH) reflects organic demand, indicating a rise in retail activity. Meanwhile, the U.S. Senate progressed the GENUIS Act, aimed at providing clarity for stablecoin issuers, although it does not fully address offshore players like Tether. In traditional markets, concerns over fiscal debt sustainability continue to grow, with yields on longer-duration bonds rising significantly. BTC and ETH futures see increased open interest, pointing to renewed institutional interest, while perpetual funding rates for major coins remain moderate, suggesting an absence of extreme bullish sentiment.

Source đź”—