#PowellVsTrump 📈 Market Snapshot
Bitcoin remains steady just below $120,000, showing signs of consolidation after reaching recent highs .
Ethereum is leading the market gains, up ~8–9%, trading above $3,400 — signaling that altcoin season may be underway .
A broad rally is evident across the top 100 coins, with around 90 in positive territory over the past 24 hours .
🏛️ Regulation & U.S. Policy
The U.S. House of Representatives advanced three key crypto bills—the GENIUS Act (stablecoin framework), the CLARITY Act (token market structure), and a CBDC-related bill—after an intense ~9-hour session .
The SEC has delayed its decision on allowing in-kind redemptions for Bitwise’s Bitcoin and Ether spot ETFs, citing the need for further review .
Expect a signing ceremony soon, with strong bipartisan support for the GENIUS bill and momentum on CLARITY .
💼 Institutional Moves
Deutsche Bank analysts highlight that the rise above $123K for Bitcoin reflects strong institutional inflows (approx. $50 billion in 2025). They point to a maturing ecosystem with mainstream adoption .
Alongside, BlackRock’s iShares Ethereum ETF is breaking records, and institutional money is pouring into Ethereum .
🛡️ Regulatory & Legal Highlights
The Roman Storm (Tornado Cash) trial began in New York, focusing on whether coding privacy tools equates to money laundering .
While some “crypto week” bills are moving forward, progress remains mixed amid Senate hurdles and procedural delays .
🪙 Altcoins & Presales
Solana (SOL) is surging (~4% in 24h), with volume up significantly .
Presales like Remittix (DeFi/payments)—backed by a CertiK audit and with a Q3 beta wallet—are gaining traction .
