Financial Insights That Matter
“We’re not against innovation, and we certainly don’t want to take actions that would cause banks to terminate customers who are perfectly legal.”
These comments arrive amid heightened expectations for crypto-friendly regulations under President Donald Trump’s administration, which has shown strong support for the digital asset sector.
Recent developments include the CME Group’s plan to introduce futures products on Robinhood’s platform, encompassing Bitcoin and Ether.
Additionally, investment firms are actively submitting proposals to the Securities and Exchange Commission (SEC) to launch various crypto exchange-traded funds (ETFs), including those focused on memecoins.
Other Latest Developments Driving Crypto Sector Higher
The rise of the crypto market in the past 24 hours coincided with a flurry of trending and optimistic news headlines.
They are:
- Bitwise’s Matt Hougan suggests President Trump’s recent crypto executive order could potentially shorten and lessen future Bitcoin pullbacks
- Tesla has reported $a 600 million profit on its Bitcoin holdings
- Cardano transitions to full decentralized governance after Plomin hard fork
- South Dakota and Texas seek to establish Bitcoin reserves
- Trump-themed memecoins have fueled Solana’s biggest week on Pump.fun
- Cboe BZX refiles for Solana ETFs on behalf of 4 issuers
- Japan’s Metaplanet plans to buy 21,000 Bitcoin by 2026, raising $745 million to reach 10,000 BTC goal
Bitcoin (BTC) Enters Bull Flag Breakout Stage, Eyeing New Record High
Bitcoin has broken out of a classic bull flag pattern, signaling potential for further upside in the coming sessions.
A bull flag is a continuation pattern that forms after a strong price surge, followed by a period of consolidation. This consolidation phase appears as a downward-sloping channel, ultimately resolving with an upward breakout. The pattern suggests buyers are regaining control, leading to a higher leg.
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