Big move in US bank regulation! Will BTC $63,591 be about to see institutional buying?
đĄ Positive expectations! National-level bank licenses are being opened to crypto companies, directly removing barriers for institutions to enter.
In plain terms, US bank regulators are loosening their stanceâallowing crypto firms to apply for national bank licenses. Previously, those exchanges and custodians could only operate in individual states, and even with state licenses, they faced restrictions everywhere. Now that they can obtain nationwide licenses, what does it mean? A 50-state passâessentially the same treatment level as traditional banks. The essence of this is that the crypto industry is being granted a âlegal identity card.â
In the short term, market sentiment will almost certainly get a boost. Institutional capital fears regulatory uncertainty the most. Now, at the federal level, a clear signal has been sent, and the green light is on for compliant institutions to enter. On the liquidity side, the ETF flow has already been continuously attracting inflows; combined with this positive news, the supply-demand balance will tilt toward the bulls. In the mid-term, once this piece of the puzzle is filled, the wall between traditional finance and crypto will basically be dismantled, and the industry landscape will need to be reshaped.
Iâm clearly bullish. In this move, BTC will most likely test and break above $63,591.26. The current $63,591 level is your chance to get onâdonât wait to chase after a real breakout. ETH is hovering near $1,882; its upside flexibility may be greater than BTCâs, so itâs worth focusing on. If BTC gains volume and holds above $64,500, thatâs an add-on signalâdonât hesitate.
- Asset: BTC / ETH
- Direction: Bullishđ Predicting a rise
- Duration: BTC 12 hours / ETH 24 hours
If you think this regulatory loosening is truly good news, give it a like and let me see how many people are on the train
$BTC $ETH #BTC #ETH
đ Historical backtest
- After a similar post (âMicroStrategy CEO praises Bitcoin: the crypto market is unmatchedâ) (2024-05-03) was published, BTCâs 12h price change was +3.65%; the bullish prediction was â correct
- Among 282 historical BTC bullish-news items, in 122 cases the predicted direction matched the actual price action (accuracy rate: 43%)
â ď¸ Not investment advice
đĄ Positive expectations! National-level bank licenses are being opened to crypto companies, directly removing barriers for institutions to enter.
In plain terms, US bank regulators are loosening their stanceâallowing crypto firms to apply for national bank licenses. Previously, those exchanges and custodians could only operate in individual states, and even with state licenses, they faced restrictions everywhere. Now that they can obtain nationwide licenses, what does it mean? A 50-state passâessentially the same treatment level as traditional banks. The essence of this is that the crypto industry is being granted a âlegal identity card.â
In the short term, market sentiment will almost certainly get a boost. Institutional capital fears regulatory uncertainty the most. Now, at the federal level, a clear signal has been sent, and the green light is on for compliant institutions to enter. On the liquidity side, the ETF flow has already been continuously attracting inflows; combined with this positive news, the supply-demand balance will tilt toward the bulls. In the mid-term, once this piece of the puzzle is filled, the wall between traditional finance and crypto will basically be dismantled, and the industry landscape will need to be reshaped.
Iâm clearly bullish. In this move, BTC will most likely test and break above $63,591.26. The current $63,591 level is your chance to get onâdonât wait to chase after a real breakout. ETH is hovering near $1,882; its upside flexibility may be greater than BTCâs, so itâs worth focusing on. If BTC gains volume and holds above $64,500, thatâs an add-on signalâdonât hesitate.
- Asset: BTC / ETH
- Direction: Bullishđ Predicting a rise
- Duration: BTC 12 hours / ETH 24 hours
If you think this regulatory loosening is truly good news, give it a like and let me see how many people are on the train
$BTC $ETH #BTC #ETH
đ Historical backtest
- After a similar post (âMicroStrategy CEO praises Bitcoin: the crypto market is unmatchedâ) (2024-05-03) was published, BTCâs 12h price change was +3.65%; the bullish prediction was â correct
- Among 282 historical BTC bullish-news items, in 122 cases the predicted direction matched the actual price action (accuracy rate: 43%)
â ď¸ Not investment advice