The U.S. Senate has just rejected the Clarity Act by a razor-thin margin of 49-50, but why did $BTC immediately react with a sharp spike to the 85,910.2 USD level (+6.29% in 24h)?
Behind this outcome is the effort by traditional banks to protect deposit funds from the threat posed by yield-bearing stablecoins. The deadlocked bill means oversight power continues to rest with the SEC and CFTC, indirectly creating leverage that drives capital flows toward more open hubs such as the UAE.
Legal news is often followed by extremely brutal two-sided liquidation sweeps. My practical take right now: absolutely don’t chase price with high volume (vol) and tighten stop-losses to protect your account.
Do you think this price level of $BTC is an opportunity or a risk? Check the chart $BTC below! 👇
#Bitcoin #BTC #PhapLy #Stablecoin
Behind this outcome is the effort by traditional banks to protect deposit funds from the threat posed by yield-bearing stablecoins. The deadlocked bill means oversight power continues to rest with the SEC and CFTC, indirectly creating leverage that drives capital flows toward more open hubs such as the UAE.
Legal news is often followed by extremely brutal two-sided liquidation sweeps. My practical take right now: absolutely don’t chase price with high volume (vol) and tighten stop-losses to protect your account.
Do you think this price level of $BTC is an opportunity or a risk? Check the chart $BTC below! 👇
#Bitcoin #BTC #PhapLy #Stablecoin
