Bitcoin tested the resistance area and was rejected in its | PaX WiT on Binance Square

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Bearish

Bitcoin tested the resistance area and was rejected in its first attempt. There is significant selling pressure at this resistance zone. The support level is between $106,200 and $106,800.$BTC 
BTC
92,061.87
+1.88%
#BinanceVision #BTC 

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🇫🇷 Sequans Communications S.A. (NYSE: SQNS), recognized as a Bitcoin treasury company, has recently added 85 more bitcoins to its holdings, investing around 10 million — with an average purchase price of117,360 per BTC. What’s your view on the slow pace at which European companies are expanding their Bitcoin reserves? $BTC

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🔥NOW: There are less than 1.1M $BTC left to mine. Only 450 new Bitcoins get mined daily. And there are 8 billion people. $BTC

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June marked a pivotal month for stablecoins—while overall crypto valuations remained modest, the sector saw major regulatory and corporate breakthroughs. -The GENIUS Act passed the U.S. Senate and is headed to the House. It introduces a legal framework for payment stablecoins, bans interest payments, and restricts issuance to regulated financial entities -Circle went public under the ticker CRCL, with shares rising from $31 to $181 by month-end. The stock surge coincided with a decline in Visa and Mastercard shares -Estimates suggest stablecoins are already used for $800bn in monthly digital payments, approaching Visa’s volumes -Traditional companies like Amazon, Walmart, JPMorgan, and Shopify announced work on stablecoin-related infrastructure -The ban on interest-bearing stablecoins could hurt players like Circle, but overall regulatory clarity is expected to drive long-term adoption and innovation in digital payments.

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