Trump Supports Bitcoin, Price Breaks $108,000, Legislation Promotes a New Era for Crypto.
Author: Alertforalpha
Translation: Baihua Blockchain
Donald Trump is no longer just passively observing Bitcoin's trends; he is actively promoting its rise. The former (and possibly future) U.S. president is becoming the most powerful advocate for cryptocurrency, publicly calling Bitcoin "amazing" and believing it creates jobs. This marks the first time in history that a sitting U.S. president has openly praised Bitcoin, which is a milestone.
But that's not all.
Trump's cryptocurrency chief, David Sacks, is pushing for July to be an important month for crypto legislation. He supports two significant bills: The Genius Act and The Clarity Act. If these two bills pass before September, cryptocurrency may usher in a new era of institutional acceptance and regulatory clarity.
Meanwhile, Bitcoin has just set a new all-time high of over $108,000.
Charts Don’t Lie: The Bull Market is Accelerating
Need an edge?
On-chain data shows that long-term holders are still buying, accumulating 800,000 BTC each month. Historically, long-term holders sell at the top rather than accumulate.
Conclusion: This is not the top.
Long-term holders sold at the top in past cycles, but now they are increasing their positions. This information won’t be seen on CNBC but comes from on-chain data. If you pay attention to these signals, it’s enough to change your portfolio.
Dramatic Turn in Ripple vs. SEC
Breaking news: Judge Torres has just rejected the settlement proposal between Ripple and the SEC.
Both parties requested the court to dismiss the case, but it was denied.
Reason? The SEC attempted to reduce Ripple's fine by 60% and lift the original injunction but did not meet legal standards. Judge Torres rejected it, citing four years of effort, millions of dollars in costs, and no "special circumstances."
In the words of crypto lawyer John Deaton, the SEC wants to overturn the case, but the judge won’t allow it.
Result? XRP holders are furious, and the regulatory battle is far from over.
Wall Street Targets DeFi, Stablecoin Legislation on the Horizon
Think retail investors are slow to react? Institutions are not. As stablecoin legislation accelerates, smart money is flowing into DeFi. The U.S. government hopes to promote stablecoin development—not out of goodwill, but because they need someone to buy their debt.
Where is this liquidity going? Directly to DeFi yield farms.
As ElioTrades puts it: “Finance is a barrel of money seeking yield.” DeFi has become the default destination. The script is written: once the laws are passed, Wall Street will act.
When they act, it won’t be small.
Altcoin Highlights: Who is Quietly Winning
Ignoring blue-chip DeFi? You might only see the forest and miss the trees. Chainlink, Ando, and the emerging ChainGPT are rising—not necessarily in price, but with strong fundamentals.
ChainGPT has locked $8 million in staking within its ecosystem.
Users can earn AI tools, access to launchpads, and passive rewards through staking or simple tasks.
This builds real network value, not just hype.
Yes, I am an ambassador for it. But I support it because I see real growth in the community and the flywheel effect.
September is a Turning Point
Final Chart: If this cycle resembles 2017, the top will occur about three months after the halving, around the end of September.
But the key is: even if a short-term top arrives, this cycle could last until 2026—synchronized with Trump’s second term. He views Bitcoin and the stock market as report cards and hopes they rise.
Conclusion: A $100,000 Bitcoin sounds cool… but this is just the middle of the story.
This Train Won’t Stop
The legislative train is accelerating.
Funds are on the sidelines.
The market… has already begun to awaken.
If you are here, you are a pioneer.
Article link: https://www.hellobtc.com/kp/du/06/5919.html
Source: https://s.c1ns.cn/paeRI
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