Crypto traders are also watching policy talks in Washington. Members of the banking and crypto industries reached a compromise on stablecoin yield provisions in the , with a Senate markup expected this month.
The market is also waiting for updates on the US Bitcoin Reserve. White House crypto adviser Patrick Witt said at the Bitcoin Conference in Las Vegas that a “big announcement” on President Donald is expected in the next few weeks.
Some market observers have discussed a possible path toward $100,000. MN Trading Capital founder Michael van de Poppe said Friday that Bitcoin may not need a fresh story to move higher, adding, “There doesn’t need to be a narrative that pushes the price upwards.”
Near term, traders are watching the $79,300 to $79,334 support zone. If Bitcoin holds that area, the market may retest the $80,600 swing high, while a break above that level could bring $81,300 and $85,000 into focus.
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