Bitcoin (BTC) Bulls Gear Up for the Next Bull Market Surge
The post Bitcoin (BTC) Bulls Gear Up for the Next Bull Market Surge appeared on BitcoinEthereumNews.com. The Bitcoin bulls have perhaps found a decent platform at $118,000 from which to launch their next upward surge. However, before this next rocketship takes off, there could be more sideways price action. Investors will probably need to remain patient. Crypto bills passed up to the Senate The crypto story continues to gain momentum in the US as three landmark bills gained approval in the House this week. The GENIUS Act, CLARITY Act, and CBDC Anti-Surveillance State Act were all passed on to the Senate for consideration. If these bills do make it into law this will firm up the case for crypto in the most powerful country in the world – quite a rapid turnaround from the bleak and unyielding anti-crypto stance presented by the Biden administration. While the CLARITY Act will help to provide consumer protection and clear regulatory guidelines for businesses, and the GENIUS Act will promote the setting up of regulation for stablecoins, arguably the most impactful bill is the Anti-CBDC Surveillance State Act. Anti-CBDC Act the most important CBCD’s (Central Bank Digital Currencies) have generally been kept on the down-low in mainstream media for quite some time, and it’s only in recent times that the likes of European Commission President Ursula von der Leyen, and others, have felt emboldened enough to announce the future implementation of CBDCs. This programmable digital currency would allow central banks to wield far more power over citizens than they already have, allowing them to manipulate, confiscate, and sanction bank accounts at will. $BTC retests support Source: TradingView Meanwhile, Bitcoin continues on into the latter stages of its bull market. As can be seen in the short-term time frame, the price broke out of the relatively short downtrend but the bulls were unable to maintain momentum and the price is falling…
The post Bitcoin (BTC) Bulls Gear Up for the Next Bull Market Surge appeared on BitcoinEthereumNews.com.
The Bitcoin bulls have perhaps found a decent platform at $118,000 from which to launch their next upward surge. However, before this next rocketship takes off, there could be more sideways price action. Investors will probably need to remain patient. Crypto bills passed up to the Senate The crypto story continues to gain momentum in the US as three landmark bills gained approval in the House this week. The GENIUS Act, CLARITY Act, and CBDC Anti-Surveillance State Act were all passed on to the Senate for consideration. If these bills do make it into law this will firm up the case for crypto in the most powerful country in the world – quite a rapid turnaround from the bleak and unyielding anti-crypto stance presented by the Biden administration. While the CLARITY Act will help to provide consumer protection and clear regulatory guidelines for businesses, and the GENIUS Act will promote the setting up of regulation for stablecoins, arguably the most impactful bill is the Anti-CBDC Surveillance State Act. Anti-CBDC Act the most important CBCD’s (Central Bank Digital Currencies) have generally been kept on the down-low in mainstream media for quite some time, and it’s only in recent times that the likes of European Commission President Ursula von der Leyen, and others, have felt emboldened enough to announce the future implementation of CBDCs. This programmable digital currency would allow central banks to wield far more power over citizens than they already have, allowing them to manipulate, confiscate, and sanction bank accounts at will. $BTC retests support Source: TradingView Meanwhile, Bitcoin continues on into the latter stages of its bull market. As can be seen in the short-term time frame, the price broke out of the relatively short downtrend but the bulls were unable to maintain momentum and the price is falling…
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