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Bitcoin Price Surges to $104.5K as Stablecoin Regulation Advances in U.S
Bitcoin Hits Multi-Month High on Regulatory Optimism
Bitcoin surged over 1.1% Tuesday to reach $104,560, staying near its recent four-month high. The rally follows significant momentum after the U.S. Senate advanced the GENIUS Bill, which outlines a federal regulatory framework for stablecoins.
This move signals increasing institutional confidence in the crypto sector, fueling positive sentiment across digital asset markets.
Senate Pushes Ahead with Stablecoin Bill
On Monday night, the U.S. Senate voted 66-32 to move forward with the GENIUS Act after revisions addressed previous objections from Democratic lawmakers.
The bill is expected to face a final Senate vote later this week before heading to President Donald Trump’s desk. The crypto industry views this progress as a critical step toward regulatory clarity.
Industry Insights: Bitcoin’s Maturity Attracts Traditional Finance
Peter Khozyaakov, co-founder and CEO of Mercuryo, emphasized that Bitcoin's liquidity, stability, and security are turning it into a safe-haven asset. He added that traditional finance is eyeing DeFi as Bitcoin becomes a fully institutional-grade asset.
Institutional Exposure Expands, Says Standard Chartered
According to Standard Chartered Bank, new U.S. regulations are accelerating Bitcoin adoption among large institutions. The bank reiterated its long-term forecast of $500,000 per BTC during Trump’s term.
Q1 SEC 13F filings show sovereign funds, including Norway’s Government Pension Fund, Swiss National Bank, and Korea’s National Pension Service, increased exposure via MicroStrategy — a strategic way to access Bitcoin indirectly.
U.S. state pension funds from California, New York, North Carolina, and Kentucky added exposure equivalent to 1,000 BTC combined, alongside reported interest from France, Sweden, Saudi Arabia, and Liechtenstein.
Altcoins and Meme Coins Follow Bitcoin’s Rally
Ethereum (ETH): +3% to $2,485
XRP: +1.2% to $2.33
Solana: +2.8%
Cardano: slight gains
Dogecoin: +1.4%
$TRUMP token: surged over 5%
Markets Await House Vote on Trump’s Tax Cuts
Markets are closely watching the House of Representatives, where a vote is expected on Trump's proposed tax cuts. Critics warn the move could deepen the fiscal deficit, which recently hit $36 trillion.
Moody’s recently downgraded the U.S. investment rating, adding further pressure on policymakers
