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Bitcoin is stuck in a rut but JPMorgan says new legislation could be the ultimate spark
JPMorgan identifies the proposed U.S. Clarity Act as a potential catalyst for crypto markets, particularly Bitcoin and Ether, by mid-year. The legislation aims to provide regulatory clarity, boost institutional adoption, and accelerate tokenization. However, the bill faces significant hurdles in the Senate, with divisions among industry players and lawmakers causing delays.
Breaking News: U.S and Israel Strikes Iran Trigger Crypto Crash, Bitcoin Drops To $63K
Geopolitical tensions surged following news of U.S. and Israeli strikes on Iran, triggering a sharp crypto market crash. Bitcoin dropped to $63K, and the total market cap saw a significant decline, liquidating over $500 million in leveraged positions. The sell-off pushed the market into 'extreme fear' as investors await potential retaliation.
