Bitcoin (BTC) hovered around 104,450 during Wednesday’s European session, slipping from recent highs as traders braced for the U.S. Federal Reserve’s policy decision and tracked escalating conflict between Israel and Iran.
Despite near-term selling pressure, optimism re-emerged after the U.S. Senate approved the GENIUS Act, a watershed moment for stablecoin regulation in the United States.
The GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act passed with a 68-30 vote, making it the first federal law governing fiat-backed stablecoins. The bill enforces 1:1 reserve backing, mandatory audits, and licensing requirements for issuers.
Notably, compliant stablecoins will operate outside SEC jurisdiction, a win for crypto innovation.
This legal clarity is expected to encourage institutional adoption of stablecoins and create a more trusted environment for broader crypto participation. Senator Bill Hagerty praised the bill as a pivotal step toward making the U.S. the “crypto capital of the world.”
Geopolitical Tensions Add Downside Risk
Meanwhile, tensions in the Middle East have kept traders on the defensive. The ongoing conflict between Iran and Israel intensified following statements by former President Trump, who demanded Iran’s “unconditional surrender” in a social media post. Speculation around U.S. involvement continues to add uncertainty.
BTC sentiment soured on fears of wider regional escalation The market remains sensitive to any new developments in the conflict Risk-off mood has temporarily capped upside for digital assetsStill, investors see the GENIUS Act as a long-term bullish catalyst, potentially offsetting some of the geopolitical drag.
Fed Decision Looms, Triangle Pattern Forms for Bitcoin
Later today, the Federal Reserve is expected to hold rates steady at 4.25% to 4.50%, but markets are watching for dovish clues in the accompanying forecast. A signal for rate cuts later in 2025 could weaken the dollar and support Bitcoin.
Technically, Bitcoin price prediction remains bearish as BTC/USD is compressing within a symmetrical triangle on the 2-hour chart, with key resistance at 106,658 and support at 103,431. The 50-EMA has flattened at 105,807, reinforcing a period of indecision.
MACD momentum has turned negative, suggesting a bearish bias until a breakout confirms direction.
Bitcoin Price Chart – Source: TradingviewTrade Setup
Sell Entry: Below 103,430 Target 1: 102,180 Target 2: 100,450 Stop-Loss: Above 105,800This structure favors a short-term bearish play unless BTC decisively breaks above the upper trendline. Watch for a confirmed candle close outside the triangle with substantial volume before acting.
As macro headlines and regulatory shifts collide, Bitcoin traders are watching closely—and preparing for volatility.
BTC Bull Token Nears $8.2M Cap as 58% APY Staking Attracts Last-Minute Buyers
With BTC trading near $105K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL). The project has now raised $7,233,406 out of its $8,290,897 cap, leaving less than $1 million before the next token price hike. The current price of $0.00257 is expected to increase once the cap is hit.
BTC Bull Token links its value directly to Bitcoin through two core mechanisms:
BTC Airdrops reward holders, with presale participants receiving priority. Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply.The token also features a 58% APY staking pool holding over 1.81 billion tokens, offering:
No lockups or fees Full liquidity Stable passive yields, even in volatile marketsThis staking model appeals to both DeFi veterans and newcomers seeking hands-off income.
With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates.
The post Bitcoin Price Prediction: U.S. Senate Approves Stablecoin Law — Here’s Why BTC Bulls Are Celebrating appeared first on Cryptonews.
