PANews
PANews|May 21, 2025 06:43
HashKey transaction time 5.21GENIUS stablecoin bill makes significant progress, Bitcoin hits historic high again Keywords: BTC, ETH, AAVE Firstly, the GENIUS stablecoin bill has passed a procedural motion in the Senate, and now the bill will enter the full Senate voting stage. It is inevitable that this will bring new funding channels to the digital currency market, and billions of new funds will be injected into the digital currency market through stablecoins. The spot Bitcoin ETF continues to attract capital inflows, indicating strong fundamental support. @HashKeyGroup's Chief Analyst Jeffrey Ding predicts that Bitcoin is expected to break through its previous highs in the near future, with a target of $108000. On a data level, the emergence of a new funding channel worth billions of dollars and the gradual consolidation of market chips all indicate that this day will soon come. The narrative of the entire cryptocurrency market is also heating up. The volatility market also reflects the optimistic sentiment of the market. Despite the consolidation of spot prices and the presence of macro uncertainty, the implied volatility of cryptocurrency assets remains relatively high. BTC Medium to Long Term Trend Channel: Along the Upper Line of the Channel ($103016.97), Along the Lower Line ($100977.03) ETH Medium to Long Term Trend Channel: Along the Upper Line ($2389.95), Along the Lower Line ($2342.62) 📌 Daily market key data review and trend analysis, jointly produced by @ HashKeyGroup&@ PANewsCN.
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