Crypto News Sentiment

Bitcoin (BTC):

• Analysts predict a potential new all-time high for BTC.
• Dave the Wave, a trader who correctly called the 2021 market top, believes BTC is setting up for a significant upward move.
• A break through $105,304 resistance level could lead to a sideways movement.

XRP:

• XRP's price is climbing, with some analysts projecting it could reach $17.50.
• Recent gains have captured investor interest, with a close above $2.35 potentially driving the price towards $3.

Stablecoins and Regulation:

• The Wall Street Journal reports on the GENIUS Act, which aims to regulate Tether, a major stablecoin, under U.S. law.
• This act seeks to establish national innovation for U.S. stablecoins, addressing concerns about transparency and regulation.

Market Moves and Corporate Holdings:

• Metaplanet has increased its Bitcoin holdings to 12,345 BTC, becoming the fifth-largest corporate Bitcoin holder.
• Bithumb, a Bitcoin exchange, has listed Sahara AI (SAHARA), a blockchain-based AI project, with trading parity in Korean won (KRW).

Regulatory Developments:

• Kraken has secured a MiCA license from Ireland’s Central Bank, allowing it to expand regulated services across the European Economic Area (EEA).

Market Sentiment:

• There is optimism around a new all-time high for BTC, with bulls eager to surpass $108,000, though sellers are currently putting up strong resistance.
• The history of XRP is being reevaluated with a newly uncovered document suggesting its existence predating Bitcoin by several years.