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Bitcoin continues to trade within a relatively narrow range of $83K–$86K, hovering around the 50-day moving average but still struggling to break above the 200-day. On the daily chart, the RSI is showing a bullish divergence, with a higher low on the indicator despite a lower local price low.
Crypto News
Gold continues to update records amid the escalation of the trade war, while bitcoin is not yet demonstrating the behaviour of a ‘protective asset,’ QCP Capital noted. A similar trend is also observed for the US dollar and US government bonds.
Standard Chartered predicts that by 2028, the capitalisation of stablecoins will increase more than eightfold, up to $2 trillion. The growth driver will be the expected adoption of the GENIUS Act in the US, which will create a regulatory framework for the stablecoin sector.
The state of Oklahoma (USA) rejected a bill to create a strategic bitcoin reserve (SBR). The document did not receive approval in the Senate’s profile committee, and the decision was made with a minimum margin of six votes against five.
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