Bitcoin price today;pulls back to $109k on propit-taking; sentiment still upbeat
#TrumpTariffs #Bitcoin2025 #BinanceAlphaAlert Bitcoin$BTC pulled back on Friday after notching a new record peak of about $112,000 a day earlier due to some profit taking and whale trades, although crypto assets remained supported over U.S. regulatory cheer, particularly the advancement of the stablecoin bill. A Wall Street Journal report on late Thursday showed that major U.S. banks were in early discussions to launch a joint stablecoin, further boosting the upbeat sentiment. The world’s largest cryptocurrency fell 1.6% to $109,110.0 as of 09:43 ET (13:43 GMT). The token surged to a record high of $111,953.6 on Thursday, but gave up some of the gains as investors booked profits at peak levels. The current weakness was also attributed to the large transfers overnight. According to Whale Alert, top U.S. crypto exchange Coinbase Global (NASDAQ:COIN) received transfers worth more than $670 in mere hours. Still, Bitcoin was set for a weekly rise of about 8%, having risen almost 18% this month. Bitcoin supported near record high on regulatory optimism The legislation, formally titled the “Guiding and Establishing National Innovation for U.S. Stablecoins” Act, moved forward in the U.S. Senate this week. Investors view the bill as a pivotal step toward comprehensive crypto regulation, which could provide legal clarity and encourage broader institutional participation in the digital asset space. The bill is now likely set for a Senate floor vote. Steady inflows into U.S.-listed spot Bitcoin exchange-traded funds also continued to underpin demand. U.S. spot bitcoin ETFs saw $934.7 million in net inflows on Thursday, marking their seventh straight day of gains. BlackRock’s IBIT led the charge with $877.6 million in inflows. Total trading volume across the 12 bitcoin ETFs hit $5.39 billion, according to SoSoValue. Top $TRUMP investors dine with the president at exclusive Gala On Thursday, U.S. President Donald Trump hosted an exclusive dinner at his Trump National Golf Club in Virginia, bringing together over 200 top investors of his meme cryptocurrency, $TRUMP . This event was part of a promotional campaign offering the top 220 holders of the $TRUMP coin an opportunity to dine with the President. Trump’s memecoin was trading 5.6% lower on Friday. Kraken rolls out tokens that allow traders to invest in stocks In other developments, crypto exchange Kraken announced on Thursday that it will begin offering tokenized versions of U.S. stocks, allowing investors outside the United States to gain exposure to major companies like Apple (NASDAQ:AAPL), Tesla (NASDAQ:TSLA), and Nvidia (NASDAQ:NVDA) with 24/7 trading access. The digital assets, branded as xStocks, represent tokenized shares of publicly listed U.S. companies. Rather than owning the actual shares, investors will hold digital tokens that mirror the value of those securities. The new product will be rolled out in select international markets, though Kraken did not specify which regions. According to the company, the service is currently not available for customers in the United States. The launch of this service was first reported by the Wall Street Journal.
Crypto Market Soars in May 2025; Bitcoin Hits $110k, #Bitcoin records high
#Crptocurrency #Bitcoin #BTCBreaksATH110K Crypto Market Soars in May 2025: Bitcoin $BTC Hits $110K, Institutions Embrace Blockchain, and Regulatory Clarity Emerges The cryptocurrency landscape has experienced a remarkable surge in May 2025, marked by Bitcoin reaching unprecedented heights, significant institutional adoption of blockchain technology, and strides toward regulatory clarity. --- 🚀 Bitcoin $BTC Breaks $110,000 Barrier Bitcoin has achieved a historic milestone, surpassing $110,000 for the first time. This surge is attributed to renewed optimism surrounding U.S. cryptocurrency regulation and shifting investor sentiment. Analysts forecast potential continued growth, with projections suggesting Bitcoin could reach $160,000 by Q4 2025 and even $1 million by 2030 . --- 🏦 Institutional Embrace of Blockchain Traditional financial institutions are increasingly integrating blockchain technology into their operations. Notably, several major banks and financial entities, including HSBC and Bank of America, are partnering with the Solana Foundation to adopt its blockchain for tokenizing assets like stocks and bonds. This move signifies a strategic shift toward public blockchain infrastructure, offering benefits such as faster settlements and reduced administrative costs . --- 🏛️ Regulatory Developments Regulatory clarity is advancing with the U.S. Senate's consideration of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (Genius Act). This legislation aims to provide a clear framework for stablecoins, potentially spurring broader adoption and innovation in the sector . --- 🌐 Global Crypto Market Overview The global cryptocurrency market capitalization has reached $3.5 trillion, reflecting a 4.52% increase over the last day . This growth underscores the expanding interest and investment in digital assets worldwide. --- 📈 Top Cryptocurrencies Performance Here's a snapshot of the current performance of leading cryptocurrencies: --- As the crypto market continues to evolve, these developments highlight the growing integration of digital assets into mainstream finance and the importance of regulatory frameworks in shaping the future of the industry. ---