Is the U.S. set to become crypto capital? If so, Bitcoin prices will…
The post Is the U.S. set to become crypto capital? If so, Bitcoin prices will… appeared on BitcoinEthereumNews.com. Key Takeaways Bitcoin has rallied nearly 18% since breaking $100K, flipping the milestone into structural support. If the July 30 U.S. crypto report delivers, it could be the breakout trigger that positions the U.S. as the global crypto capital. With less than 120 days to go, Bitcoin [BTC] is on track to close out a full year trading above its $100k milestone. In fact, since crossing that mark, BTC has rallied nearly 18%, reinforcing $100k as a key structural support in the current cycle. And all of this has played out despite macro conditions leaning risk-off post-election. That divergence is hard to ignore, and with a key catalyst lining up this week, it might not stay under the radar much longer. Macro flipped the script on expectations Post-election hype pushed BTC to $109,312, right as Trump stepped back into the White House. But the momentum didn’t stick. Instead of follow-through, the market pulled back hard. By the end of Q1, Bitcoin was down 11.82%, running counter to the pro-crypto policy narrative that had front-run the move. In Q2, though, bulls regained control. BTC rallied 29.74%, locking in its strongest quarterly close in five years. Why does that matter? Because what looked like a “hype-driven” post-election spike now looks more like real conviction building around Bitcoin. Source: CoinGlass And that shift showed up beyond price action. Mid-July’s “Crypto Week” saw the House push through three major crypto bills back-to-back, highlighted by the GENIUS Act, which cleared both chambers and is now en route to the White House. In that context, is the U.S. quietly stepping up as the world’s first true crypto capital, delivering on the pro-crypto promises that front-ran the election cycle? Is Bitcoin about to rip on the back of a U.S. crypto report? Bitcoin’s Q2 performance clearly locked…
The post Is the U.S. set to become crypto capital? If so, Bitcoin prices will… appeared on BitcoinEthereumNews.com.
Key Takeaways Bitcoin has rallied nearly 18% since breaking $100K, flipping the milestone into structural support. If the July 30 U.S. crypto report delivers, it could be the breakout trigger that positions the U.S. as the global crypto capital. With less than 120 days to go, Bitcoin [BTC] is on track to close out a full year trading above its $100k milestone. In fact, since crossing that mark, BTC has rallied nearly 18%, reinforcing $100k as a key structural support in the current cycle. And all of this has played out despite macro conditions leaning risk-off post-election. That divergence is hard to ignore, and with a key catalyst lining up this week, it might not stay under the radar much longer. Macro flipped the script on expectations Post-election hype pushed BTC to $109,312, right as Trump stepped back into the White House. But the momentum didn’t stick. Instead of follow-through, the market pulled back hard. By the end of Q1, Bitcoin was down 11.82%, running counter to the pro-crypto policy narrative that had front-run the move. In Q2, though, bulls regained control. BTC rallied 29.74%, locking in its strongest quarterly close in five years. Why does that matter? Because what looked like a “hype-driven” post-election spike now looks more like real conviction building around Bitcoin. Source: CoinGlass And that shift showed up beyond price action. Mid-July’s “Crypto Week” saw the House push through three major crypto bills back-to-back, highlighted by the GENIUS Act, which cleared both chambers and is now en route to the White House. In that context, is the U.S. quietly stepping up as the world’s first true crypto capital, delivering on the pro-crypto promises that front-ran the election cycle? Is Bitcoin about to rip on the back of a U.S. crypto report? Bitcoin’s Q2 performance clearly locked…
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