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In a massive victory for the crypto industry, the U.S. House has passed the crypto bills, which were up for debate during this Crypto Week. With this development, the GENIUS Act will become the first major legislation for the industry, while the CLARITY and Anti-CBDC Acts could follow shortly. GENIUS Act To Become Law As
The post Breaking: U.S. House Passes Landmark Crypto Bills CLARITY and GENIUS Acts appeared first on CoinGape.
The condition of the crypto market has improved considerably as April comes to an end. Meme coins are expected to start off strong in May as investors seem to be taking these joke tokens a lot more seriously, as seen with Housecoin (HOUSE).
BeInCrypto has analyzed three meme coins for investors to watch and how their interest is cementing in these tokens.
ZEREBRO has surged by 30% in the last 24 hours, trading at $0.061. The meme coin is showing strong bullish momentum and looks poised to continue its uptrend.
With the 50-day Exponential Moving Average (EMA) providing solid support, ZEREBRO demonstrates strong technical strength. This support level could help propel the altcoin toward the next major resistance at $0.086. If the altcoin continues to hold above the 50-day EMA, it may continue its upward trajectory with sustained investor interest.
However, profit-taking from investors could trigger a price correction, sending ZEREBRO lower. A drop below the $0.051 support level could lead to further declines toward $0.042. The recent gains could be wiped out if this support is breached, and the bullish outlook would be invalidated.
PENGU has surged by 25% since Sunday, trading at $0.0123, showing strong upward momentum. The meme coin is aiming to breach the $0.0147 resistance. For this to happen, continued strong support from investors is necessary. If momentum continues, PENGU could make its way through this key level to further gains.
A breakout above $0.0147 resistance could set PENGU on a path toward $0.0225, indicating the potential for continued upward movement in the coming days.
A failure to break the $0.0147 resistance would likely trigger a decline in PENGU’s price. If the altcoin falls below $0.0100, it could continue to slide toward the $0.0071 support level. Such a drop would invalidate the current bullish outlook and could lead to a prolonged downturn.
HOUSE has emerged as a surprising contender in the meme coin market, drawing attention with its humorous concept of investing in crypto rather than purchasing real estate. This fresh approach has resonated with investors, and many are actively supporting the token as it gains traction within the crypto community.
Over the past week, HOUSE has skyrocketed by 816%, currently trading at $0.0664. The altcoin is aiming to flip the $0.0666 level into support, a crucial step before targeting the $0.1000 resistance. If successful, this would set the stage for continued growth, potentially drawing more investors into the token.
However, if the novelty of the idea fades or investors decide to lock in profits, HOUSE could see a sharp decline. A fall below $0.0666 could lead to a drop to $0.0170, invalidating the current bullish outlook. Such a correction would likely signal the end of the altcoin’s recent uptrend.
The post Investors Buy HOUSE, Not Homes, Sparking 816% Price Surge | Meme Coins To Watch Today appeared first on BeInCrypto.
Cathie Wood’s Ark Invest has scaled back its exposure to Coinbase, selling over $52 million in company shares over two consecutive days last week.
The decision came as Coinbase stock soared to a new all-time high, driven by bullish sentiment and growing institutional interest in crypto-linked equities.
Trading data indicates that Ark sold roughly $12.5 million worth of Coinbase shares on June 26, followed by a larger $40 million sale the next day. The stock rallied during that period, reaching an intraday high of $382 before closing the week at $353.
Overall, Coinbase has climbed 32% in the past month and is up over 42% year-to-date. This makes it the best-performing stock in the S&P 500 for June.
Market analysts attribute this rally to multiple factors such as improved regulatory clarity and continued product expansion.
A major boost came last week when the US Senate passed the GENIUS stablecoin bill, which is now awaiting a vote in the House.
If enacted, the bill could bring long-awaited guidelines for the digital asset sector, potentially lifting investor confidence in crypto-focused firms.
Beyond favorable regulation, Coinbase’s rising momentum is also being fueled by upcoming product offerings.
Analysts at 10x Research highlighted the platform’s plans to launch US-regulated perpetual futures for Bitcoin and Ethereum on July 21. They also pointed to Coinbase’s strong ties with Circle and the growing use of USDC as catalysts for continued growth.
Moreover, Coinbase CEO Brian Armstrong also recently touted the firm’s institutional strength in an update on the social media platform X.
He noted that eight of the top ten publicly traded Bitcoin firms use Coinbase Prime. Additionally, $140 billion worth of crypto is held in US-based ETFs, with Coinbase custody responsible for 81% of that figure.
However, despite the strong momentum, some analysts urge caution. 10x Research warned that current valuation levels might be stretched in the short term.
“Our regression model indicates that Coinbase is overvalued….despite the strong uptrend,” the analysts stated.
Nonetheless, investor sentiment remains largely optimistic, especially as Coinbase continues to shape the conversation around crypto policy in Washington.
TIME recently named the exchange one of its 100 Most Influential Companies of 2025. The firm cited its advocacy for clearer rules in the digital asset sector and noted its continued expansion plans.
“If industry-friendly bills are passed, Coinbase stands to become an even bigger hub for US crypto activity,” the report stated.
The post Coinbase Stock Could Be Overvalued After All-Time High, Analysts Warn appeared first on BeInCrypto.
Bitcoin Cash price has spiked by 21% over the last day on the back of a raft of positives. While chatter over the sustainability of the rally has grown louder, Javon Marks is predicting an even bigger surge for Bitcoin Cash (BCH).
According to CoinMarketCap data, Bitcoin Cash price soared by over 21% in the last 24 hours to reach a high of $376.79. The sudden price surge saw BCH trading volumes climb to $373 million, a 50% increase over the last day.
A closer look at the charts and on-chain data reveals the triggers for the jolt in Bitcoin Cash price. Right out of the bat, the biggest needle-mover for BCH appears to be from its derivatives data, with rising Open Interest figures climbing by 8.76%.
Alongside the increase in the number of unsettled contracts is a surge in daily active addresses for Bitcoin Cash. The daily active addresses have risen by 5.7% over the last day, making Bitcoin Cash the highest gainer among the top 20 cryptocurrencies by market capitalization.
It appears that the exchange outflow for BCH is spiking, serving as an additional confirmation of the bullish sentiments. However, concerns over the long-term sustainability of the BCH price rally are weighing on the minds of investors.
Since racking up the 21% daily gains, the price of BCH has fallen to $372%, leaving investors scanning the horizon for the earliest signs of a correction.
Cryptocurrency analyst Javon Marks is projecting an even bigger and sustained rally for Bitcoin Cash price. In an X post, Marks theorizes that the recent gains notched by BCH are early “signs of recovery,” noting that a 300% rally is in the offing.
The crypto analyst is pegging his prediction on BCH’s soaring trading volumes and price performance to breach a falling trendline. According to Marks, on-chain data suggests that Bitcoin Cash price can reach $1,509 in this window, a 301% increase from its present levels. The analyst has previously tipped a 260% rally for Cardano price based on an ascending triangle pattern and rising long-term holding behaviour.
“With prices also still being broken out, this surge can be part of an over 300% uphill run to the $1,509.89 target,” said Marks.
While Bitcoin Cash price is tipped for a rally, Bitcoin is targeting $106K if prices break through the critical resistance of $94,200.
The broader cryptocurrency market did not match Bitcoin Cash’s recent gains, falling by 0.54% to settle at a market capitalization of just under $3 trillion.
The post Bitcoin Cash Price Soars 21%: Will The Rally Sustain? appeared first on CoinGape.