Bitcoin remained relatively quiet in the market today, showing little movement while many altcoins made moves. Despite the lack of action from Bitcoin, the overall market remained active, with traders turning their attention to altcoins that have seen strong and sometimes aggressive upward moves.
This sideways movement from Bitcoin is not a concern and may actually be helping the altcoin market flourish. For now, Bitcoin is consolidating just below an important resistance level of $94,200, a level that traders have been watching closely. This level marks the golden ratio on the Fibonacci retracement scale, which is known to be a point where price often reacts or pauses.
Healthy Consolidation After Strong Rally
After a strong rally earlier in the year, Bitcoin now appears to be taking a break. This kind of rest is common and can give the market a chance to gather momentum for the next move, which many hope will be another step higher. Although there has not been a clear push above the current resistance, there also hasn’t been a strong rejection, meaning the price is still holding up relatively well.
Next Price Targets in Sight
In recent analysis, attention has been drawn to some higher target areas. Short-term levels around $94,590 and $95,000 have already been reached or tested. Further potential targets sit near $95,444 and $96,450. However, Bitcoin is also very close to its March high at around $95,150, which could act as another point of resistance.
Key Support Levels to Watch
At the same time, there are important support levels below the current price that traders are watching closely. If Bitcoin drops below $90,438, that would be an early sign that a top may have already formed. A deeper move below $89,474 would further confirm this and shift focus to a larger downward correction, possibly into the range between $86,000 and $81,000.
From a technical perspective, the recent pullback still looks like a temporary pause rather than a full reversal. As long as Bitcoin stays above key support levels, the chances for continued growth remain.
Whales Are Accumulating Again
Recent on-chain data shows that large Bitcoin holders—commonly referred to as whales and sharks—have been accumulating more BTC.
Bitcoin’s value has jumped +11.2%, and this has once again coincided with key whales & sharks adding on to their already enormous bags. Wallets holding 10-10K $BTC have added 19,255 more coins in this short stretch, and continue to be one of crypto’s most powerful indicators. pic.twitter.com/b3TiVd71iD
Wallets holding between 10 and 10,000 Bitcoins added over 19,000 coins during the recent rally, a strong signal that big players are still confident in the market.
The bill introduced by Senator Bill Hagerty in February and passed by the Senate Banking Committee in March, seeks to regulate the issuance of stablecoins in the United States. Under the GENIUS (Guiding and Establishing National Innovation for US Stablecoins) Act, stablecoin issuers would be required to be licensed entities, known as “permitted payment stablecoin issuers.”
What Does the GENIUS Act Mean?
The GENIUS Act is designed to bring much-needed clarity and structure to the growing stablecoin market. Complementing the GENIUS Act, the STABLE Act has been introduced in the Republican-controlled House. Together, the two bills aim to set clear regulatory guidelines for the issuance of dollar-pegged stablecoins—cryptocurrencies intended to maintain a stable value by being backed by real-world assets.
Currently, stablecoins are a popular digital dollar used for fast, low-cost payments. However, the absence of clear regulations has led to concerns around safety and trust. The GENIUS Act addresses these concerns by mandating that stablecoin issuers hold full reserves, comply with anti-money-laundering regulations, and undergo regular audits. The act also makes clear that stablecoins are not classified as securities or commodities, resolving a key area of confusion.
With these measures in place, the GENIUS Act aims to foster safer growth for stablecoins, positioning them as potential competitors to traditional payment systems in the future.
Broader Regulatory Context
The GENIUS Act is part of a broader push for stablecoin regulation. In January, President Donald Trump signed an executive order forming a working group to explore stablecoin regulations and the possibility of creating a national crypto stockpile. However, while executive orders signal intent, they lack the legal weight of Congressional approval.
The timing of Trump’s order has raised some concerns, particularly after World Liberty Financial—a crypto firm backed by his family—launched the USD1 stablecoin. Critics, mainly from the Democratic camp, argue that Trump’s influence, combined with his financial ties to the firm, creates a significant conflict of interest as Congress debates this critical piece of crypto legislation.
As the Senate prepares to vote on the GENIUS Act, the future of stablecoin regulation in the U.S. hangs in the balance.
FAQ
What is a Stablecoin?
A stablecoin is a type of cryptocurrency designed to maintain a stable value by being pegged to real-world assets, like the U.S. dollar.
How Will the GENIUS Act Impact Stablecoin Issuers in the U.S.?
The GENIUS Act will require stablecoin issuers to hold full reserves, comply with audits, and follow anti-money laundering rules.
What Are the Key Requirements for Stablecoin Issuers Under the GENIUS Act?
Issuers must be licensed, hold full reserves, undergo regular audits, and follow anti-money laundering regulations.
The post Stablecoin Regulation in the U.S. to be Decided by May 26 with GENIUS Act appeared first on Coinpedia Fintech News
Senate Majority Leader John Thune has informed Republican lawmakers that a vote on the GENIUS Act, a crucial piece of legislation aimed at regulating stablecoins, is expected before the May 26 Memorial Day break. The bill introduced by Senator Bill Hagerty in February and passed by the Senate Banking Committee in March, seeks to regulate …
The markets are experiencing a significant shift in momentum, with the bulls gaining the upper hand. From a larger perspective, Dogecoin’s price has remained under bearish influence, as the token has not risen above the 30-day high close to $0.2. However, the current trade setup suggests the bulls are gathering strength, keeping the DOGE price within an accumulated range. The token has secured a $27 billion market capitalization with a 45% increase in volume, while the price remains elevated, hinting towards the growing dominance of the bulls.
In recent times, the memecoin space has witnessed a massive rise in its population. Previously, Dogecoin was the sole king of the space until other tokens like Shiba Inu or Pepe jumped in. Despite this, Dogecoin continues to remain the top memecoin, even though the growth remains restricted within a range compared to the other tokens. However, the data from LunarCrush suggests Dogecoin continues to remain dominant in terms of Social activity.
This suggests the market participants continue to remain optimistic as they still believe the DOGE price has the potential to rise above the current ATH and form a new one. Currently, the token is pressing up against a strong resistance zone near $0.183 after forming higher lows in a bullish ascending triangle. Therefore, a breakout from here may initiate a fresh upswing, targeting the next stop at $0.188.
The above chart displays the possibility of rising to the upper resistance between $0.1927 and $0.1992. However, the technicals hint towards a potential pullback or an extended consolidation below the resistance. It’s because of two reasons: the RSI displays a bearish divergence and the CMF is failing to rise above the resistance it held throughout March until now. However, these are expected to have a short-term impact on the price, as the bulls are primed to keep up the trend regardless of the bearish pressure being induced at frequent intervals.
Hence, the Dogecoin (DOGE) price is believed to maintain a consolidated ascending trend to reach $0.2, but only if it surpasses an important resistance at $0.192.
The post Dogecoin Price Prediction 2025: Will DOGE Reach $1 This Summer? appeared first on Coinpedia Fintech News
The markets are experiencing a significant shift in momentum, with the bulls gaining the upper hand. From a larger perspective, Dogecoin’s price has remained under bearish influence, as the token has not risen above the 30-day high close to $0.2. However, the current trade setup suggests the bulls are gathering strength, keeping the DOGE price …
New SEC Chair:- There is so much happening in crypto and web3 as of now. The biggest gala of crypto leaders and champions is gathering at Token 2049 in Abu Dhabi.
Crypto market is turning bullish with BTC crossing $96,000 as of writing. XRP ETFs have been launched in Canada. Trade Fi and DeFi are integrating and innovating at an unprecedented pace.
Another such important happening is the sworn-in of new SEC Chair Paul Atlkins on April 21. Considered as the pro-crypto ally, he already has connections with the industry – holding around $6 million in crypto-related investments.
Atkins is serving out the remainder of former SEC Chair Gary Gensler’s term, which is set to expire on June 5, 2026.
From now, his over 1-year tenure as the chairman of the US’s top regulatory body – Securities and Exchange Commission (SEC) – will be pivotal for the crypto market and web3 industry.
Bitget CLO critically explains the impact of new SEC Chair on hottest trends of Web3, viz., Stablecoins, RWA Tokeniations, ETFs, regulatory clarity and expected legislations.
New SEC Chair to Led Path Towards Regulatory Clarity
Paul Atkins made his first public appearance as the new SEC Chair on April 25. In the first crypto roundtable, he sought for more clear crypto regulations for the web3 industry.
Bitget CLO Hon N. who has worked previously for Binance says, “Atkins is someone who has actively worked in the crypto industry. In the latest crypto roundtable, his message was regulatory clarity — and that’s what industry players really need.
Businesses are not asking for an open pass to do anything they want. Rather, we want clear guidance and no more confusion on what compliance looks like. Under Atkins’ leadership, we believe that the SEC will provide that clarity.
That clarity alone removes huge legal uncertainty and keeps innovation onshore.
He has called on the previous SEC administration for stifling innovation in the crypto industy from the last several years due to market and regulatory uncertainty.
During the roundtable speech, he has hinted changes to custody rules under the Exchange Act, Advisers Act, or Investment Company Act to accommodate crypto assets and blockchain technology. He is also working for a new crypto asset broker-dealer framework if needed.
As founder and CEO of Patomak Global Partners, new SEC Chair Atkins has advised numerous cryptocurrency exchanges and blockchain startups on regulatory strategy and compliance.
Since 2017, he is also serving as the co-chair of the Token Alliance which is a leading industry advocacy group that works to shape sensible crypto regulation. However, after taking office, he has resigned from both of these roles.
New SEC Chair Stakes in Securitize | Official Filings
With the increasing interest in crypto, there is a notable surge in ETF filings. There are a growing number of pending ETF applications with the SEC.
Nasdaq filed a Form S-1 today to list and trade shares of the 21Shares Dogecoin ETF. Bitwise’s proposal for a spot XRP ETF has entered its initial 90-day review window.
VanEck has also formally submitted a registration for a spot Avalanche (AVAX) ETF. Bitget CLO Hon N. seems bullish action likely for these applications with the new SEC Chair.
So, the SEC currently has over 70 altcoin ETF applications pending approval. And they are continuously delaying the decisions. It tells me that the Commission is likely working on a new framework for approval, says Bitget CLO Hon. from his over 18 years of experience in the legal and business fields, Paul Atkins might empower staff to grant “conditional approvals” for pending altcoin funds. He can set straightforward guardrails — like capital requirements and liquidity tests — so issuers know exactly which box to check.
However, these are assumptions — and while they might materialize, the new SEC chair has a lot on his plate, and not every single decision will be immediate.
Global ETF net sales totaled roughly $314.5 billion in Q1 2025. This was driven largely by the Big Three promoters—iShares (+$109.6 billion), Vanguard (+$104.0 billion), and Invesco (+$20.4 billion).
In 2024, the SEC initiated 33 crypto-related enforcement actions against major crypto companies including Ripple, Kraken. It imposed $4.98 billion in penalties for fraud and unregistered offerings.
Whatever rules the regulatory body makes under the new SEC chair will ultimately set the course for the web3 industry.
Bitget CLO believes, “Ideally Atkins should push Congress and his staff to tackle three core areas first. Stablecoin legislation tops the list: defining covered, fully-backed dollar tokens as payment instruments will secure consumer trust and let banking regulators step in.
Also, the tokenization framework needs clear, safe harbors for digital shares, bonds, and funds — aligning Investment Company Act requirements with modern platforms.
On stablecoins, he could deploy a dedicated Safe Harbor Pilot, allowing issuers to operate under transparent reserve‐audit and redemption rules for, say, 12–18 months while the SEC collects real‐world data.
Third, the SEC must finalize custody rules and a “special purpose broker-dealer” structure so exchanges and wallets can hold assets without jumping through hoops.
On the rule side, guidance on DeFi lending and staking will help protocols design compliant products. The Commission should also revisit crowdfunding limits to allow more projects to raise capital through transparent disclosures.
Can the new SEC Chair Solve the Hottest Debate of Disgreement
Classifying crypto assets as ‘security vs. commodity’ debate has been the most pressing debate for the US crypto market in the past five years. It has become the root cause of almost every major lawsuit the industy has witnessed.
Bitget CLO believes the new SEC Chair can extinguish this long-burning fire.
Atkins is uniquely positioned to draw a clearer line between securities and commodities. The recent guidance from the Commission’s crypto task force already treats fully-backed dollar stablecoins as non-securities and carves out other niche segments from SEC’s jurisdiction.
Building on that, I think he’ll lean on the Howey test’s focus on “investment contracts,” ensuring only tokens sold with profit-expectation marketing face securities rules. He has promised to work closely with the CFTC, banking agencies, and Congress to prevent overlap and confusion.
Ultimately, Atkins’ approach should leave true payment and commodity tokens in the CFTC’s scope, while investment-style tokens land squarely under SEC authority.
Can SEC turn from an Aversary to Friend for Web3
The new SEC chair can chart a new course of regulatory history by pionerring pro-crypto legislations in the country. His over 1-year tenure leaves the web3 companies and leaders hoping for better prospects and favourable landscape.
Bitget CLO concludes, eyeing “Atkins’ future industry roundtables on tokenization and DeFi. We’ll finally get targeted rules instead of broad fears.
While he won’t let fraud go unchecked, his focus on cost-benefit analysis and legislative fixes means the SEC will likely act more like a partner than an adversary.
In the long term, I expect him to propose joint roundtables with the FCA and EU authorities and to support global bodies like the Financial Stability Board in drafting voluntary guidelines. That collaborative stance will nudge national regimes toward a more interoperable, globally coherent rulebook.
My last advice for him would be to establish clear pilot programs. Instead of decades-long rulemakings, he could set short-term Safe Harbor Pilots with defined metrics for stablecoins, tokenized securities, and ETFs.
Bitcoin’s value has jumped +11.2%, and this has once again coincided with key whales & sharks adding on to their already enormous bags. Wallets holding 10-10K $BTC have added 19,255 more coins in this short stretch, and continue to be one of crypto’s most powerful indicators. pic.twitter.com/b3TiVd71iD
