Today's hot news in the cryptocurrency circle.
The Trump team is strongly promoting the cryptocurrency market structure bill, with insiders stating, 'It's not a matter of if, but when' – this can inject new vitality into the industry.
The Senate Agriculture Committee will hold a meeting next week on the legislative draft, focusing on the upgrade of digital asset regulation.
Ripple's CEO boldly predicts that XRP and other mainstream coins will hit an all-time high before the end of this year, with the market capitalization set to double.
BitGo completes the first cryptocurrency IPO in 2026, ringing the bell on the New York Stock Exchange, as institutional funds accelerate their inflow.
MicroStrategy invests another $2.1 billion to accumulate BTC, now holding over 700,000 coins, becoming the largest corporate holder.
Gold rushes to $5000/ounce, risk aversion sentiment is high, which also indirectly benefits BTC.
Meme coin carnival and hidden worries
A surprising reversal at the start of the year, $8 billion in funds flowing back, boosting the overall market value – USELESS surged 78%, MEME jumped 26%, becoming a new favorite among retail investors.
However, it has been under pressure in the past week, DOGE and SHIB fell 3-5%, total market value shrank by 6% – DOGE stabilizing around $0.13, SHIB and PEPE rebounded slightly, but profit-taking is obvious.
New meme trend category on platform X, social heat skyrocketing, PENGU, DOGE, PEPE ready to go, possibly the next explosive point.
Overall chaos: short-term pullback, but community vitality is strong, suitable for players willing to take a gamble.
Analysis of Bitcoin trends
Today BTC slightly rose by 0.49%, priced at $89621, with fluctuations in the 88k-91k range over 24 hours.
Short-term neutral oscillation, geopolitical tension and uncertainty press down, but institutional accumulation and expectations of legislation provide bright support – MicroStrategy's actions seem to shout 'Don't panic, we are bottom fishing.'
Resistance level at 92k, if it breaks, it will head straight for 100k; conversely, a pullback to 85k carries significant risk.
From a macro perspective, the collapse of rules may favor BTC's safe-haven attributes, but don't overlook the flash crash risks from accumulated leverage.
In summary, be steady and wait for signals, don't rush to all in.
